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

Laredo

Texas
67
VS

Paterson

New Jersey
106

Laredo is 37% cheaper than Paterson.

$1,001/mo ↓ 31%
Median Rent
$1,457/mo ↑ 46%
$63,264/yr ↑ 18%
Median Income
$53,766/yr ↓ 15%
$182,400 ↓ 46%
Home Value
$335,400 ↑ 84%
$1,066/mo ↓ 31%
Owner Costs
$1,553/mo ↑ 46%
255,949
Population
157,660

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
32.5%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Paterson, NJ, the overall cost of living indices are 67 and 106 respectively (national median = 100). Rent is $456/month cheaper in Laredo, saving renters about $5,472/year.

Median household income is $9,498/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $335,400 in Paterson.

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 Paterson — common questions

Is Laredo or Paterson cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 106 (US average = 100).
What is the rent difference between Laredo and Paterson?
Median rent in Laredo is $1,001/month and in Paterson it's $1,457/month — a difference of $456/month.
Which city has higher income, Laredo or Paterson?
Median household income is $63,264 in Laredo and $53,766 in Paterson. Median household income is $9,498/year higher in Laredo.
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 Paterson?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Paterson details →

More Comparisons

Other cost of living comparisons for Laredo and Paterson

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Paterson vs. Corona Paterson vs. Murfreesboro Paterson vs. Hayward Paterson vs. Alexandria Paterson vs. Salinas Paterson vs. Macon