salaryLaredo is 16% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Laredo to live the same way.
🏠 Rent per month
$1,983
$1,110
🛏️ 2-bedroom rent
$1,622
$1,063
💵 Families earn per year
$84,017
$68,932
🔑 Buying a house
$334,100
$193,500
📊 Overall prices (U.S. = 100)
103.6
87.0
🏛️ Property tax per year
$4,943
$3,531
⚡ Electric bill per month
$90
$204
👥 People living there
2,711,226
257,619
Commute to work
33.1 min
21.6 min
College degree
44.3%
22%
Own their home
46%
64.1%
Below poverty line
16.8%
20.9%
Unemployment
8%
5.4%
Bottom line
- Pick Chicago for higher incomes, a more educated workforce, less poverty.
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Pay for the same job
| Job | Chicago | Laredo | Difference |
|---|---|---|---|
| Plumber | $103,380 | $46,350 | -55% in Laredo |
| Electrician | $102,350 | $46,140 | -55% in Laredo |
| Carpenter | $80,440 | $41,540 | -48% in Laredo |
| Market Research Analyst | $80,400 | $47,220 | -41% in Laredo |
| HVAC Technician | $77,960 | $48,450 | -38% in Laredo |
| Server (Waiter/Waitress) | $31,200 | $22,020 | -29% in Laredo |
| Firefighter | $82,820 | $59,100 | -29% in Laredo |
| Operations Manager | $109,390 | $78,640 | -28% in Laredo |
Frequently asked questions
Is Chicago or Laredo cheaper to live in?
Laredo is about 16% cheaper overall. Rent is $1,110 a month there versus $1,983 in Chicago.
What salary do I need in Laredo to match $60,000 in Chicago?
About $50,363 a year gives the same standard of living in Laredo.
Where do people earn more, Chicago or Laredo?
The typical household earns $84,017 in Chicago and $68,932 in Laredo, 22% more in Chicago.