Laredo, TX Cost Of Living
Cost Of Living In Laredo, TX Summary
Cost of living in Laredo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Laredo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Laredo is 78, with 100 being the average.
The cost of living index in Laredo is 0.8x lower than the national average.
Laredo ranks as the #37 cheapest in Texas out of 405.
Laredo ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Laredo is $147,700.
The median income in Laredo is $55,603.
Table Of Contents
Laredo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Laredo, TX?
According to the most recent data on the cost of living, Laredo has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Texas, Laredo has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Laredo ranks as #37 most affordable out of the 405 places we measured in Texas. By definition, that implies Laredo ranks as the #368 most expensive place in the Lone Star State.
For more reading on life in Laredo, check out:
- Living In Laredo
- Laredo Crime Report
- Search Homes For Sale In Laredo, TX
In Texas
In America
Laredo Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Laredo. Here is how it fairs on each of the criteria:
The Services index in Laredo is 81.
The Groceries index in Laredo is 90.
The Health index in Laredo is 72.
The Housing index in Laredo is 66.
The Transportation index in Laredo is 90.
The Utilities index in Laredo is 104.
| Living Expense | Laredo | Texas | National Average | |
|---|---|---|---|---|
| Overall | 78 | 92 | 100 | |
| Services | 81 | 96 | 100 | |
| Groceries | 90 | 93 | 100 | |
| Health | 72 | 93 | 100 | |
| Housing | 66 | 84 | 100 | |
| Transportation | 90 | 92 | 100 | |
| Utilities | 104 | 104 | 100 | |
Laredo, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Laredo is $147,700.
The Median Rent in Laredo is $902.
The Median Income in Laredo is $55,603.
The Home Value To Income in Laredo is 2.7x.
The Rent To Monthly Income in Laredo is 0.19x.
| Statistic | Laredo | Texas | United States |
|---|---|---|---|
| Median Home Value | $147,700 | $202,600 | $244,900 |
| Median Rent | $902 | $1,146 | $1,163 |
| Median Income | $55,603 | $67,321 | $69,021 |
| Home Value To Income | 2.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Laredo, TX Costs By Category
Detailed Laredo Services Costs Vs. Texas
Detailed Laredo Groceries Costs Vs. Texas
Detailed Laredo Health Costs Vs. Texas
Detailed Laredo Transportation Costs Vs. Texas
Detailed Laredo Utilities Costs Vs. Texas
Laredo SnackAbility
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