Texas · Population 255,949 · Updated March 2026
How far your income goes in Laredo
State-level tax rates that affect your costs
Laredo is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), Laredo residents can expect to pay median rent of $1,001/month while earning a median household income of $63,264/year.
The median home value in Laredo, TX is $182,400, with typical monthly owner costs around $1,066 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Laredo.
Common questions about living costs in Laredo