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Laurel has a population of approximately 29,438 and experiences a population change rate of 47.49%. The population density is 6,113.8 / sq mi .
The median household income for Laurel is $85,615, with 11,142 households and an average household size of 2.63.
The median value of a home in Laurel is $413,800 with an appreciation rate of 10.70%. 41.44% of housing in the state is owned while 51.52% is rented.
The cost of living in Laurel is 138.8 %.
The unemployment rate in Laurel is 2.10%, and recent job growth is at 1.99%. Future job growth is projected at 32.83%.
The sales tax rate in Laurel is 6.00%, while the income tax rate is 4.75% .
School expenditures in Laurel are $17,603, and the school ratio is 13.9:1.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 44.5 inches per year, with 13.2 inches of snow per year.