Cost of Living in Laredo, TX
Laredo has a cost of living index of 80 (100 = national average), making it significantly more affordable than the national average. The median household income is $40,998 and the median home price is $190,000.
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Laredo at a Glance
Population
255,205
Cost of Living Index
80
Median Income
$40,998
Median Home Price
$190,000
Property Tax Rate
2.00%
Sales Tax Rate
8.25%
Rent Index
62
State
Texas
Living in Laredo
Laredo offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $190,000 is well within reach for many families.
The combined sales tax rate in Laredo is 8.25%, and the effective property tax rate is 2.00%. Property taxes are above the national average, which is an important consideration for homebuyers.