Cost of Living: Miami, FL vs Laredo, TX (2026)

Miami

Florida
129
VS

Laredo

Texas
67

Miami is 93% more expensive than Laredo.

$1,657/mo ↑ 66%
Median Rent
$1,001/mo ↓ 40%
$59,390/yr ↓ 6%
Median Income
$63,264/yr ↑ 7%
$475,200 ↑ 161%
Home Value
$182,400 ↓ 62%
$1,666/mo ↑ 56%
Owner Costs
$1,066/mo ↓ 36%
446,663
Population
255,949

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
1.6%

Affordability

33.5%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Laredo, TX, the overall cost of living indices are 129 and 67 respectively (national median = 100). Rent is $656/month cheaper in Laredo, saving renters about $7,872/year.

Median household income is $3,874/year higher in Laredo. Home values also differ significantly — the median in Miami is $475,200 compared to $182,400 in Laredo.

Frequently Asked Questions

Miami vs Laredo — common questions

Is Miami or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 129 (US average = 100).
What is the rent difference between Miami and Laredo?
Median rent in Miami is $1,657/month and in Laredo it's $1,001/month — a difference of $656/month.
Which city has higher income, Miami or Laredo?
Median household income is $59,390 in Miami and $63,264 in Laredo. Median household income is $3,874/year higher in Laredo.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Miami or Laredo?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Laredo has a cost index of 67 with rent of $1,001/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Laredo details →

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