Cost of Living: Laredo, TX vs Independence, MO (2026)

Laredo

Texas
67
VS

Independence

Missouri
67

Laredo and Independence have a similar cost of living.

$1,001/mo ↓ 6%
Median Rent
$1,061/mo ↑ 6%
$63,264/yr ↑ 6%
Median Income
$59,480/yr ↓ 6%
$182,400 ↑ 10%
Home Value
$166,400 ↓ 9%
$1,066/mo ↑ 2%
Owner Costs
$1,046/mo ↓ 2%
255,949
Population
121,944

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
4.225%
1.6%
Property Tax
0.93%

Affordability

19.0%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Independence, MO, the overall cost of living indices are 67 and 67 respectively (national median = 100). Rent is $60/month cheaper in Laredo, saving renters about $720/year.

Median household income is $3,784/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $166,400 in Independence.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Laredo vs Independence — common questions

Is Laredo or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 67 (US average = 100).
What is the rent difference between Laredo and Independence?
Median rent in Laredo is $1,001/month and in Independence it's $1,061/month — a difference of $60/month.
Which city has higher income, Laredo or Independence?
Median household income is $63,264 in Laredo and $59,480 in Independence. Median household income is $3,784/year higher in Laredo.
How do taxes compare between Texas and Missouri?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Laredo or Independence?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Independence details →

More Comparisons

Other cost of living comparisons for Laredo and Independence

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