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

Laredo

Texas
67
VS

Richardson

Texas
128

Laredo is 48% cheaper than Richardson.

$1,001/mo ↓ 45%
Median Rent
$1,825/mo ↑ 82%
$63,264/yr ↓ 34%
Median Income
$96,257/yr ↑ 52%
$182,400 ↓ 55%
Home Value
$405,600 ↑ 122%
$1,066/mo ↓ 41%
Owner Costs
$1,796/mo ↑ 68%
255,949
Population
118,269

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
22.8%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Richardson, TX, the overall cost of living indices are 67 and 128 respectively (national median = 100). Rent is $824/month cheaper in Laredo, saving renters about $9,888/year.

Median household income is $32,993/year higher in Richardson. Home values also differ significantly — the median in Laredo is $182,400 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Laredo vs Richardson — common questions

Is Laredo or Richardson cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 128 (US average = 100).
What is the rent difference between Laredo and Richardson?
Median rent in Laredo is $1,001/month and in Richardson it's $1,825/month — a difference of $824/month.
Which city has higher income, Laredo or Richardson?
Median household income is $63,264 in Laredo and $96,257 in Richardson. Median household income is $32,993/year higher in Richardson.
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 Richardson?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Richardson details →

More Comparisons

Other cost of living comparisons for Laredo and Richardson

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater