Cost of Living: Minneapolis, MN vs Laredo, TX (2026)

Minneapolis

Minnesota
102
VS

Laredo

Texas
67

Minneapolis is 52% more expensive than Laredo.

$1,329/mo ↑ 33%
Median Rent
$1,001/mo ↓ 25%
$80,269/yr ↑ 27%
Median Income
$63,264/yr ↓ 21%
$345,600 ↑ 89%
Home Value
$182,400 ↓ 47%
$1,513/mo ↑ 42%
Owner Costs
$1,066/mo ↓ 30%
426,845
Population
255,949

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.25%
1.11%
Property Tax
1.6%

Affordability

19.9%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Laredo, TX, the overall cost of living indices are 102 and 67 respectively (national median = 100). Rent is $328/month cheaper in Laredo, saving renters about $3,936/year.

Median household income is $17,005/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $182,400 in Laredo.

Texas has no state income tax, giving Laredo residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Laredo — common questions

Is Minneapolis or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Laredo?
Median rent in Minneapolis is $1,329/month and in Laredo it's $1,001/month — a difference of $328/month.
Which city has higher income, Minneapolis or Laredo?
Median household income is $80,269 in Minneapolis and $63,264 in Laredo. Median household income is $17,005/year higher in Minneapolis.
How do taxes compare between Minnesota and Texas?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Minneapolis or Laredo?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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.
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More Comparisons

Other cost of living comparisons for Minneapolis and Laredo

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem