salaryLaredo is 29% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Newark to live the same way.
🏠 Rent per month
$1,110
$1,867
🛏️ 2-bedroom rent
$1,063
$1,573
💵 Families earn per year
$68,932
$56,147
🔑 Buying a house
$193,500
$373,700
📊 Overall prices (U.S. = 100)
87.0
112.6
🏛️ Property tax per year
$3,531
$7,262
⚡ Electric bill per month
$204
$143
👥 People living there
257,619
310,178
Commute to work
21.6 min
32.6 min
College degree
22%
19.7%
Own their home
64.1%
24.4%
Below poverty line
20.9%
23.4%
Unemployment
5.4%
11.6%
Bottom line
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, higher incomes and 5 more.
Pay for the same job
| Job | Laredo | Newark | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $22,020 | $47,610 | +116% in Newark |
| Market Research Analyst | $47,220 | $100,520 | +113% in Newark |
| Operations Manager | $78,640 | $157,000 | +100% in Newark |
| Firefighter | $59,100 | $106,420 | +80% in Newark |
| Carpenter | $41,540 | $74,300 | +79% in Newark |
| Electrician | $46,140 | $79,020 | +71% in Newark |
| Plumber | $46,350 | $78,610 | +70% in Newark |
| Accountant | $63,410 | $105,650 | +67% in Newark |
Frequently asked questions
Is Laredo or Newark cheaper to live in?
Laredo is about 29% cheaper overall. Rent is $1,110 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Laredo?
About $77,669 a year gives the same standard of living in Newark.
Where do people earn more, Laredo or Newark?
The typical household earns $68,932 in Laredo and $56,147 in Newark, 23% more in Laredo.