Cost of Living: Newark, NJ vs Laredo, TX (2026)

Newark

New Jersey
100
VS

Laredo

Texas
67

Newark is 49% more expensive than Laredo.

$1,330/mo ↑ 33%
Median Rent
$1,001/mo ↓ 25%
$48,416/yr ↓ 23%
Median Income
$63,264/yr ↑ 31%
$337,800 ↑ 85%
Home Value
$182,400 ↓ 46%
$1,419/mo ↑ 33%
Owner Costs
$1,066/mo ↓ 25%
307,188
Population
255,949

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.25%
2.23%
Property Tax
1.6%

Affordability

33.0%
rent-to-income
Affordability
19.0%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Laredo, TX, the overall cost of living indices are 100 and 67 respectively (national median = 100). Rent is $329/month cheaper in Laredo, saving renters about $3,948/year.

Median household income is $14,848/year higher in Laredo. Home values also differ significantly — the median in Newark is $337,800 compared to $182,400 in Laredo.

Texas has no state income tax, giving Laredo residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Newark vs Laredo — common questions

Is Newark or Laredo cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 100 (US average = 100).
What is the rent difference between Newark and Laredo?
Median rent in Newark is $1,330/month and in Laredo it's $1,001/month — a difference of $329/month.
Which city has higher income, Newark or Laredo?
Median household income is $48,416 in Newark and $63,264 in Laredo. Median household income is $14,848/year higher in Laredo.
How do taxes compare between New Jersey and Texas?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Newark or Laredo?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/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 Newark details → View Laredo details →

More Comparisons

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Newark vs. St. Paul Newark vs. Pittsburgh Newark vs. Irvine Newark vs. Greensboro Newark vs. Cincinnati Newark vs. St. Louis Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem