salaryLaredo is 21% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Minneapolis to live the same way.
🏠 Rent per month
$1,110
$1,649
🛏️ 2-bedroom rent
$1,063
$1,805
💵 Families earn per year
$68,932
$87,192
🔑 Buying a house
$193,500
$362,200
📊 Overall prices (U.S. = 100)
87.0
104.8
🏛️ Property tax per year
$3,531
$4,339
⚡ Electric bill per month
$204
$91
👥 People living there
257,619
427,246
Commute to work
21.6 min
22 min
College degree
22%
55.5%
Own their home
64.1%
47.7%
Below poverty line
20.9%
16%
Unemployment
5.4%
5.9%
Bottom line
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
- Pick Minneapolis for higher incomes, a more educated workforce, less poverty.
Pay for the same job
| Job | Laredo | Minneapolis | Difference |
|---|---|---|---|
| Plumber | $46,350 | $101,630 | +119% in Minneapolis |
| Market Research Analyst | $47,220 | $97,910 | +107% in Minneapolis |
| Carpenter | $41,540 | $74,060 | +78% in Minneapolis |
| Electrician | $46,140 | $81,890 | +77% in Minneapolis |
| HVAC Technician | $48,450 | $77,490 | +60% in Minneapolis |
| Medical Assistant | $35,320 | $52,570 | +49% in Minneapolis |
| Warehouse Worker | $32,480 | $47,320 | +46% in Minneapolis |
| Customer Service Representative | $34,420 | $49,480 | +44% in Minneapolis |
Frequently asked questions
Is Laredo or Minneapolis cheaper to live in?
Laredo is about 21% cheaper overall. Rent is $1,110 a month there versus $1,649 in Minneapolis.
What salary do I need in Minneapolis to match $60,000 in Laredo?
About $72,328 a year gives the same standard of living in Minneapolis.
Where do people earn more, Laredo or Minneapolis?
The typical household earns $68,932 in Laredo and $87,192 in Minneapolis, 21% more in Minneapolis.