Cost of Living: Laredo, TX vs Springfield, MO (2026)

Laredo

Texas
67
VS

Springfield

Missouri
60

Laredo is 12% more expensive than Springfield.

$1,001/mo ↑ 9%
Median Rent
$920/mo ↓ 8%
$63,264/yr ↑ 38%
Median Income
$45,984/yr ↓ 27%
$182,400 ↑ 10%
Home Value
$165,200 ↓ 9%
$1,066/mo ↑ 17%
Owner Costs
$908/mo ↓ 15%
255,949
Population
169,432

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
4.225%
1.6%
Property Tax
0.93%

Affordability

19.0%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Springfield, MO, the overall cost of living indices are 67 and 60 respectively (national median = 100). Rent is $81/month cheaper in Springfield, saving renters about $972/year.

Median household income is $17,280/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $165,200 in Springfield.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Laredo vs Springfield — common questions

Is Laredo or Springfield cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 67 (US average = 100).
What is the rent difference between Laredo and Springfield?
Median rent in Laredo is $1,001/month and in Springfield it's $920/month — a difference of $81/month.
Which city has higher income, Laredo or Springfield?
Median household income is $63,264 in Laredo and $45,984 in Springfield. Median household income is $17,280/year higher in Laredo.
How do taxes compare between Texas and Missouri?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Laredo or Springfield?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/mo, while Springfield has a cost index of 60 with rent of $920/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Laredo details → View Springfield details →

More Comparisons

Other cost of living comparisons for Laredo and Springfield

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Springfield vs. Fort Collins Springfield vs. Palmdale Springfield vs. Lancaster Springfield vs. Salinas Springfield vs. Pembroke Pines Springfield vs. Hayward