Cost of Living: El Paso, TX vs Laredo, TX (2026)

El Paso

Texas
67
VS

Laredo

Texas
67

El Paso and Laredo have a similar cost of living.

$1,041/mo ↑ 4%
Median Rent
$1,001/mo ↓ 4%
$58,734/yr ↓ 7%
Median Income
$63,264/yr ↑ 8%
$171,700 ↓ 6%
Home Value
$182,400 ↑ 6%
$1,044/mo ↓ 2%
Owner Costs
$1,066/mo ↑ 2%
678,147
Population
255,949

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

21.3%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing El Paso, TX and Laredo, TX, the overall cost of living indices are 67 and 67 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $4,530/year higher in Laredo. Home values also differ significantly — the median in El Paso is $171,700 compared to $182,400 in Laredo.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

El Paso vs Laredo — common questions

Is El Paso or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 67 (US average = 100).
What is the rent difference between El Paso and Laredo?
Median rent in El Paso is $1,041/month and in Laredo it's $1,001/month — a difference of $40/month.
Which city has higher income, El Paso or Laredo?
Median household income is $58,734 in El Paso and $63,264 in Laredo. Median household income is $4,530/year higher in Laredo.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to El Paso or Laredo?
It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/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 El Paso details → View Laredo details →

More Comparisons

Other cost of living comparisons for El Paso and Laredo

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