Cost of Living: Laredo, TX vs Richmond, VA (2026)

Laredo

Texas
67
VS

Richmond

Virginia
98

Laredo is 32% cheaper than Richmond.

$1,001/mo ↓ 24%
Median Rent
$1,314/mo ↑ 31%
$63,264/yr ≈ Same
Median Income
$62,671/yr ≈ Same
$182,400 ↓ 44%
Home Value
$328,100 ↑ 80%
$1,066/mo ↓ 22%
Owner Costs
$1,374/mo ↑ 29%
255,949
Population
227,595

Tax Comparison

0%
Income Tax
5.75%
6.25%
State Sales Tax
5.3%
1.6%
Property Tax
0.8%

Affordability

19.0%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Richmond, VA, the overall cost of living indices are 67 and 98 respectively (national median = 100). Rent is $313/month cheaper in Laredo, saving renters about $3,756/year.

Median household income is $593/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $328,100 in Richmond.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Laredo vs Richmond — common questions

Is Laredo or Richmond cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 98 (US average = 100).
What is the rent difference between Laredo and Richmond?
Median rent in Laredo is $1,001/month and in Richmond it's $1,314/month — a difference of $313/month.
Which city has higher income, Laredo or Richmond?
Median household income is $63,264 in Laredo and $62,671 in Richmond. Median household income is $593/year higher in Laredo.
How do taxes compare between Texas and Virginia?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Laredo or Richmond?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Richmond has a cost index of 98 with rent of $1,314/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Richmond details →

More Comparisons

Other cost of living comparisons for Laredo and Richmond

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Richmond vs. Fremont Richmond vs. Baton Rouge Richmond vs. Santa Clarita Richmond vs. Hialeah Richmond vs. Spokane Richmond vs. San Bernardino