Cost of Living: Laredo, TX vs Las Cruces, NM (2026)

Laredo

Texas
67
VS

Las Cruces

New Mexico
68

Laredo and Las Cruces have a similar cost of living.

$1,001/mo ↑ 6%
Median Rent
$946/mo ↓ 5%
$63,264/yr ↑ 15%
Median Income
$55,176/yr ↓ 13%
$182,400 ↓ 16%
Home Value
$217,400 ↑ 19%
$1,066/mo ↑ 9%
Owner Costs
$974/mo ↓ 9%
255,949
Population
112,612

Tax Comparison

0%
Income Tax
5.9%
6.25%
State Sales Tax
5.0%
1.6%
Property Tax
0.67%

Affordability

19.0%
rent-to-income
Affordability
20.6%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Las Cruces, NM, the overall cost of living indices are 67 and 68 respectively (national median = 100). Rent is $55/month cheaper in Las Cruces, saving renters about $660/year.

Median household income is $8,088/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $217,400 in Las Cruces.

Texas has no state income tax, giving Laredo residents a significant tax advantage over New Mexico's 5.9% rate.

Frequently Asked Questions

Laredo vs Las Cruces — common questions

Is Laredo or Las Cruces cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 68 (US average = 100).
What is the rent difference between Laredo and Las Cruces?
Median rent in Laredo is $1,001/month and in Las Cruces it's $946/month — a difference of $55/month.
Which city has higher income, Laredo or Las Cruces?
Median household income is $63,264 in Laredo and $55,176 in Las Cruces. Median household income is $8,088/year higher in Laredo.
How do taxes compare between Texas and New Mexico?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax.
Should I move to Laredo or Las Cruces?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Las Cruces has a cost index of 68 with rent of $946/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Las Cruces details →

More Comparisons

Other cost of living comparisons for Laredo and Las Cruces

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