Cost of Living: Laredo, TX vs Chesapeake, VA (2026)

Laredo

Texas
67
VS

Chesapeake

Virginia
112

Laredo is 45% cheaper than Chesapeake.

$1,001/mo ↓ 34%
Median Rent
$1,523/mo ↑ 52%
$63,264/yr ↓ 33%
Median Income
$94,189/yr ↑ 49%
$182,400 ↓ 49%
Home Value
$359,100 ↑ 97%
$1,066/mo ↓ 37%
Owner Costs
$1,680/mo ↑ 58%
255,949
Population
251,153

Tax Comparison

0%
Income Tax
5.75%
6.25%
Sales Tax
5.3%
1.6%
Property Tax
0.8%

Affordability

19.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Chesapeake, VA, the overall cost of living indices are 67 and 112 respectively (national median = 100). Rent is $522/month cheaper in Laredo, saving renters about $6,264/year.

Median household income is $30,925/year higher in Chesapeake. Home values also differ significantly — the median in Laredo is $182,400 compared to $359,100 in Chesapeake.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Laredo vs Chesapeake — common questions

Is Laredo or Chesapeake cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 112 (US average = 100).
What is the rent difference between Laredo and Chesapeake?
Median rent in Laredo is $1,001/month and in Chesapeake it's $1,523/month — a difference of $522/month.
Which city has higher income, Laredo or Chesapeake?
Median household income is $63,264 in Laredo and $94,189 in Chesapeake. Median household income is $30,925/year higher in Chesapeake.
How do taxes compare between Texas and Virginia?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Laredo or Chesapeake?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Chesapeake has a cost index of 112 with rent of $1,523/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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