Cost of Living: New York, NY vs Laredo, TX (2026)

New York

New York
166
VS

Laredo

Texas
67

New York is 148% more expensive than Laredo.

$1,779/mo ↑ 78%
Median Rent
$1,001/mo ↓ 44%
$79,713/yr ↑ 26%
Median Income
$63,264/yr ↓ 21%
$751,700 ↑ 312%
Home Value
$182,400 ↓ 76%
$1,837/mo ↑ 72%
Owner Costs
$1,066/mo ↓ 42%
8,516,202
Population
255,949

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing New York, NY and Laredo, TX, the overall cost of living indices are 166 and 67 respectively (national median = 100). Rent is $778/month cheaper in Laredo, saving renters about $9,336/year.

Median household income is $16,449/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $182,400 in Laredo.

Texas has no state income tax, giving Laredo residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Laredo — common questions

Is New York or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 166 (US average = 100).
What is the rent difference between New York and Laredo?
Median rent in New York is $1,779/month and in Laredo it's $1,001/month — a difference of $778/month.
Which city has higher income, New York or Laredo?
Median household income is $79,713 in New York and $63,264 in Laredo. Median household income is $16,449/year higher in New York.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or Laredo?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Laredo details →

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