salaryLaredo is 13% 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
$1,347
$1,110
🛏️ 2-bedroom rent
$1,153
$1,063
💵 Families earn per year
$43,073
$68,932
🔑 Buying a house
$83,900
$193,500
📊 Overall prices (U.S. = 100)
100.3
87.0
🏛️ Property tax per year
$1,402
$3,531
⚡ Electric bill per month
$196
$204
👥 People living there
638,530
257,619
Commute to work
24.8 min
21.6 min
College degree
18.1%
22%
Own their home
50.3%
64.1%
Below poverty line
32.7%
20.9%
Unemployment
14%
5.4%
Bottom line
- Pick Detroit for cheaper homes.
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, higher incomes and 4 more.
Pay for the same job
| Job | Detroit | Laredo | Difference |
|---|---|---|---|
| Plumber | $86,370 | $46,350 | -46% in Laredo |
| Electrician | $81,990 | $46,140 | -44% in Laredo |
| Server (Waiter/Waitress) | $37,490 | $22,020 | -41% in Laredo |
| Market Research Analyst | $77,100 | $47,220 | -39% in Laredo |
| Carpenter | $65,810 | $41,540 | -37% in Laredo |
| Restaurant Cook | $37,410 | $28,120 | -25% in Laredo |
| Operations Manager | $104,010 | $78,640 | -24% in Laredo |
| HVAC Technician | $63,170 | $48,450 | -23% in Laredo |
Frequently asked questions
Is Detroit or Laredo cheaper to live in?
Laredo is about 13% cheaper overall. Rent is $1,110 a month there versus $1,347 in Detroit.
What salary do I need in Laredo to match $60,000 in Detroit?
About $52,019 a year gives the same standard of living in Laredo.
Where do people earn more, Detroit or Laredo?
The typical household earns $43,073 in Detroit and $68,932 in Laredo, 38% more in Laredo.