salaryLaredo is 13% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Richmond to live the same way.
🏠 Rent per month
$1,110
$1,644
🛏️ 2-bedroom rent
$1,063
$1,520
💵 Families earn per year
$68,932
$69,657
🔑 Buying a house
$193,500
$353,000
📊 Overall prices (U.S. = 100)
87.0
97.9
🏛️ Property tax per year
$3,531
$3,150
⚡ Electric bill per month
$204
$141
👥 People living there
257,619
229,359
Commute to work
21.6 min
21.7 min
College degree
22%
45.6%
Own their home
64.1%
43.5%
Below poverty line
20.9%
18.2%
Unemployment
5.4%
5.7%
Bottom line
- Pick Laredo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
- Pick Richmond for higher incomes, a more educated workforce, less poverty.
Pay for the same job
| Job | Laredo | Richmond | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $22,020 | $38,470 | +75% in Richmond |
| Market Research Analyst | $47,220 | $81,660 | +73% in Richmond |
| Operations Manager | $78,640 | $108,670 | +38% in Richmond |
| Electrician | $46,140 | $61,350 | +33% in Richmond |
| Accountant | $63,410 | $84,220 | +33% in Richmond |
| Plumber | $46,350 | $61,480 | +33% in Richmond |
| Restaurant Cook | $28,120 | $37,080 | +32% in Richmond |
| Dental Hygienist | $82,440 | $104,250 | +26% in Richmond |
Frequently asked questions
Is Laredo or Richmond cheaper to live in?
Laredo is about 13% cheaper overall. Rent is $1,110 a month there versus $1,644 in Richmond.
What salary do I need in Richmond to match $60,000 in Laredo?
About $67,522 a year gives the same standard of living in Richmond.
Where do people earn more, Laredo or Richmond?
The typical household earns $68,932 in Laredo and $69,657 in Richmond, 1% more in Richmond.