Total monthly cost of ownership
Cost to Own a Home in Laurel, New York
A $819,000 home here costs
$6,170per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,210. The real number is $1,959 higher every month — 47% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Laurel against Suffolk County and New York
| Measure | Laurel | Suffolk County |
|---|---|---|
| Median home value | $818,600 | $539,500 |
| Median property tax | $9,108 | $10,001 |
| Effective tax rate | 1.113% | 1.854% |
| Median gross rent | — | $2,190 |
| Population | 1,340 | 1,525,680 |
The weather behind that power bill
Laurel sits in Suffolk County, which averages a high of 83.9°F in its hottest month and a low of 26.0°F in its coldest, with 47.22" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 945 cooling and 4,906 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Suffolk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Suffolk County
Full Suffolk County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Laurel?
A $819,000 home in Laurel, New York costs approximately $6,170 per month with 20% down at 6.66%. That is $4,210 principal and interest, $760 property tax, $180 homeowners insurance, $337 utilities and $683 set aside for maintenance.
What is the property tax rate in Laurel?
Laurel has an effective property tax rate of 1.113%, based on a median home value of $818,600 and median real estate taxes of $9,108. That is lower than the Suffolk County average of 1.854%.
What is the average home price in Laurel?
The median owner-occupied home value in Laurel, New York is $818,600, against $539,500 across Suffolk County.
Is it cheaper to rent or buy in Laurel?
Rent data is not published for Laurel at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Laurel — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.