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Cost of Living in Laredo

Is it better to rent or buy in Laredo? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$64,827
$1,160/mo

Median in area: $1,160

$189,150

Median in area: $189,150

$37,830

If you Rent

🔑
$1,242 /mo
Base Rent$1,160
Est. Utilities$82
% of Income23.0%
Pre-tax Residual$4,160

If you Buy

🏠
$1,417 /mo
P&I (6.5%)$956
Taxes & Ins$379
Est. Utilities$82
% of Income26.2%
Pre-tax Residual$3,985

Cost of Living FAQs

Is it cheaper to rent or buy in Laredo?›

Based on median housing data, renting is currently more affordable on a monthly basis in Laredo. The estimated all-in monthly cost for renting is $1,242, while owning a median-priced home with a 20% down payment is roughly $1,417 per month (a difference of $175).

How much do utilities cost in Laredo?›

The average monthly utility cost (electricity and natural gas) for a typical home in Laredo is approximately $82. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Laredo?›

To comfortably afford the median rent and utilities in Laredo without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $49,680 per year.