Cost of Living: Laredo, TX vs Elizabeth, NJ (2026)

Laredo

Texas
67
VS

Elizabeth

New Jersey
112

Laredo is 40% cheaper than Elizabeth.

$1,001/mo ↓ 32%
Median Rent
$1,463/mo ↑ 46%
$63,264/yr ≈ Same
Median Income
$63,874/yr ≈ Same
$182,400 ↓ 54%
Home Value
$393,500 ↑ 116%
$1,066/mo ↓ 31%
Owner Costs
$1,543/mo ↑ 45%
255,949
Population
135,887

Tax Comparison

0%
Income Tax
10.75%
6.25%
State Sales Tax
6.625%
1.6%
Property Tax
2.23%

Affordability

19.0%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Elizabeth, NJ, the overall cost of living indices are 67 and 112 respectively (national median = 100). Rent is $462/month cheaper in Laredo, saving renters about $5,544/year.

Median household income is $610/year higher in Elizabeth. Home values also differ significantly — the median in Laredo is $182,400 compared to $393,500 in Elizabeth.

Texas has no state income tax, giving Laredo residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Laredo vs Elizabeth — common questions

Is Laredo or Elizabeth 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 Elizabeth?
Median rent in Laredo is $1,001/month and in Elizabeth it's $1,463/month — a difference of $462/month.
Which city has higher income, Laredo or Elizabeth?
Median household income is $63,264 in Laredo and $63,874 in Elizabeth. Median household income is $610/year higher in Elizabeth.
How do taxes compare between Texas and New Jersey?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Laredo or Elizabeth?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Laredo and Elizabeth

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland