salaryLaredo is 6% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Memphis to live the same way.
🏠 Rent per month
$1,110
$1,399
🛏️ 2-bedroom rent
$1,063
$1,194
💵 Families earn per year
$68,932
$55,797
🔑 Buying a house
$193,500
$169,000
📊 Overall prices (U.S. = 100)
87.0
92.2
🏛️ Property tax per year
$3,531
$1,845
⚡ Electric bill per month
$204
$223
👥 People living there
257,619
618,980
Commute to work
21.6 min
21.1 min
College degree
22%
28%
Own their home
64.1%
44.9%
Below poverty line
20.9%
23.1%
Unemployment
5.4%
8.3%
Bottom line
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, higher incomes and 2 more.
- Pick Memphis for cheaper homes, shorter commutes, a more educated workforce.
Pay for the same job
| Job | Laredo | Memphis | Difference |
|---|---|---|---|
| Market Research Analyst | $47,220 | $71,600 | +52% in Memphis |
| Electrician | $46,140 | $60,890 | +32% in Memphis |
| Operations Manager | $78,640 | $102,510 | +30% in Memphis |
| Restaurant Cook | $28,120 | $36,340 | +29% in Memphis |
| Truck Driver | $49,010 | $63,070 | +29% in Memphis |
| Customer Service Representative | $34,420 | $44,090 | +28% in Memphis |
| Plumber | $46,350 | $58,690 | +27% in Memphis |
| Civil Engineer | $76,620 | $96,100 | +25% in Memphis |
Frequently asked questions
Is Laredo or Memphis cheaper to live in?
Laredo is about 6% cheaper overall. Rent is $1,110 a month there versus $1,399 in Memphis.
What salary do I need in Memphis to match $60,000 in Laredo?
About $63,604 a year gives the same standard of living in Memphis.
Where do people earn more, Laredo or Memphis?
The typical household earns $68,932 in Laredo and $55,797 in Memphis, 24% more in Laredo.