Cost of Living: Colorado Springs, CO vs Laredo, TX (2026)

Colorado Springs

Colorado
119
VS

Laredo

Texas
67

Colorado Springs is 78% more expensive than Laredo.

$1,562/mo ↑ 56%
Median Rent
$1,001/mo ↓ 36%
$83,198/yr ↑ 32%
Median Income
$63,264/yr ↓ 24%
$420,700 ↑ 131%
Home Value
$182,400 ↓ 57%
$1,592/mo ↑ 49%
Owner Costs
$1,066/mo ↓ 33%
483,099
Population
255,949

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.25%
0.51%
Property Tax
1.6%

Affordability

22.5%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Laredo, TX, the overall cost of living indices are 119 and 67 respectively (national median = 100). Rent is $561/month cheaper in Laredo, saving renters about $6,732/year.

Median household income is $19,934/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $182,400 in Laredo.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Colorado Springs vs Laredo — common questions

Is Colorado Springs or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Laredo?
Median rent in Colorado Springs is $1,562/month and in Laredo it's $1,001/month — a difference of $561/month.
Which city has higher income, Colorado Springs or Laredo?
Median household income is $83,198 in Colorado Springs and $63,264 in Laredo. Median household income is $19,934/year higher in Colorado Springs.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Colorado Springs or Laredo?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Laredo has a cost index of 67 with rent of $1,001/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Laredo details →

More Comparisons

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