Laurel, MT
Population 7,198 · Montana
About Laurel, MT
Laurel is a small community in Montana with a population of 7,198 residents. The median household income is $66,382 per year, which is near the national average. The median age in Laurel is 36.6 years.
Housing in Laurel has a median home value of $232,700 and median monthly rent of $953. Of the 3,250 total housing units, the majority are owner-occupied, with 1,772 owner-occupied and 1,316 renter-occupied units.
The unemployment rate in Laurel is 2.1% and the poverty rate is 12.3%. 20.1% of residents hold a bachelor's degree or higher. The average commute time is 18.1 minutes.
How Laurel Ranks in Montana
Cost of Living in Laurel, MT
Compared to national averages, Laurel has a median household income of $66,382 (12% below the national median of $75,149). Home values average $232,700, which is 5% below the national median. Monthly rent at $953 is 18% below the US average of $1,163. Within Montana, Laurel's income is 1% above the state average of $65,821, and home values are 19% below the state median of $288,703.
Why Live in Laurel, MT?
Laurel offers affordable housing with a median home value of $232,700, below the US average of $244,900, and rent that’s lower than the national average at $953/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features a low poverty rate of 12.3%, better than the national average, and short commute times averaging just 18.1 minutes.
Potential considerations include median household income ($66,382) that falls below the national average. However, Laurel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laurel has a population of 7,198 with a median age of 36.6 years. Compare Laurel with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Laurel
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lockwood | 7,474 | $74,451 | $250,900 | Compare |
| Sidney | 6,235 | $62,992 | $249,100 | Compare |
| Helena Valley West Central | 8,224 | $89,040 | $352,800 | Compare |
| Lewistown | 6,028 | $44,195 | $159,500 | Compare |
| Miles City | 8,412 | $60,732 | $182,700 | Compare |
| Whitefish | 8,422 | $71,110 | $648,200 | Compare |
| Livingston | 8,635 | $65,187 | $348,700 | Compare |
| Four Corners | 5,562 | $111,474 | $620,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Laurel
What is the population of Laurel, MT?
The population of Laurel, MT is 7,198 according to the latest Census data.
What is the median household income in Laurel?
The median household income in Laurel, MT is $66,382 per year.
What is the median home value in Laurel?
The median home value in Laurel, MT is $232,700.
What is the average rent in Laurel?
The median monthly rent in Laurel, MT is $953.
What is the unemployment rate in Laurel?
The unemployment rate in Laurel, MT is 2.1%.