Laurel, MT Profile: Facts & Data

The City of Laurel had a population of 7,644 as of July 1, 2024. Laurel ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Montana. See peer rankings below.

The primary coordinate point for Laurel is located at latitude 45.6691 and longitude -108.7715 in Yellowstone County. The formal boundaries for the City of Laurel encompass a land area of 2.13 sq. miles and a water area of 0 sq. miles. Yellowstone County is in the Mountain time zone (GMT -7).

The City of Laurel has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Montana is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Laurel is located within Laurel Division of Yellowstone County.

Laurel, MT Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	7,644 (100%)
Population in Households	7,570 (99.0%)
Population in Families	5,922 (77.5%)
Population in Group Quarters¹	74 ( 1.0%)
Population Density	2,935
Diversity Index²	29


INCOME
Median Household Income	$78,545
Average Household Income	$99,323
% of Income for Mortgage⁴	23%
Per Capita Income	$40,906
Wealth Index⁵	74
Socioeconomic Status Index⁶	Moderate (50.3)

HOUSING
Total HU (Housing Units)	3,281 (100%)
Owner Occupied HU	2,095 (63.9%)
Renter Occupied HU	1,052 (32.1%)
Vacant Housing Units	134 ( 4.1%)
Median Home Value	$283,561
Average Home Value	$329,535
Housing Affordability Index³	110

HOUSEHOLDS
Total Households	3,147
Average Household Size	2.41
Family Households	1,939
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Laurel, MT - Peer Comparisons by Rank and Percentile

The table below compares Laurel to the other 497 incorporated cities, towns and CDPs in Montana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.35%	0.77%
Households	1.45%	0.95%
Families		0.70%
Median Household Income		1.99%
Per Capita Income		3.41%
Owner Occupied HU		1.46%

Variable Description	Rank	Percentile
Total Population	# 17	97th
Population Density	# 4	99th
Median Household Income	# 120	76th
Housing Affordability Index	# 442	89th
Per Capita Income	# 162	68th
Diversity Index	# 135	73rd

Laurel, MT Profile: Facts & Data

Laurel, Montana - Basic Facts

Laurel, MT Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Laurel, MT - Peer Comparisons by Rank and Percentile

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