Cost of Living: Laredo, TX vs Midland, TX (2026)

Laredo

Texas
67
VS

Midland

Texas
99

Laredo is 32% cheaper than Midland.

$1,001/mo ↓ 29%
Median Rent
$1,407/mo ↑ 41%
$63,264/yr ↓ 31%
Median Income
$91,169/yr ↑ 44%
$182,400 ↓ 39%
Home Value
$298,600 ↑ 64%
$1,066/mo ↓ 27%
Owner Costs
$1,468/mo ↑ 38%
255,949
Population
133,998

Tax Comparison

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

Affordability

19.0%
rent-to-income
Affordability
18.5%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Midland, TX, the overall cost of living indices are 67 and 99 respectively (national median = 100). Rent is $406/month cheaper in Laredo, saving renters about $4,872/year.

Median household income is $27,905/year higher in Midland. Home values also differ significantly — the median in Laredo is $182,400 compared to $298,600 in Midland.

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

Frequently Asked Questions

Laredo vs Midland — common questions

Is Laredo or Midland cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 99 (US average = 100).
What is the rent difference between Laredo and Midland?
Median rent in Laredo is $1,001/month and in Midland it's $1,407/month — a difference of $406/month.
Which city has higher income, Laredo or Midland?
Median household income is $63,264 in Laredo and $91,169 in Midland. Median household income is $27,905/year higher in Midland.
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 Laredo or Midland?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Midland has a cost index of 99 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Midland details →

More Comparisons

Other cost of living comparisons for Laredo and Midland

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Midland vs. Kent Midland vs. Coral Springs Midland vs. Stamford Midland vs. Sterling Heights Midland vs. Elizabeth Midland vs. New Haven