Cost of Living,
Laredo's Real Estate Market
Laredo Metro Area
Profile: Small border city Location: South Texas along the Rio Grande and Mexican border, 200 miles inland from the Gulf of Mexico Elevation: 438 Time zone: Central Standard Time
|Cost of living||Unattractive and industrial areas|
|Strong job growth||Low educational attainment|
|Historic core||Hot climate|
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Once the classic Old West town, modern Laredo is now the largest and most active port of entry to the United States in the Rio Grande Valley. Numerous border-zone manufacturing plants have sprung up since the North American Free Trade Agreement (NAFTA) came about in the early 1990s. The four border crossing bridges are busy with truck and container traffic to Nuevo Laredo in Mexico, and rail and air cargo carriers have extensive operations. The area is known for having a pro-business environment. Laredo has a dominant Hispanic influence with a large middle class and a much larger working class, but many have low incomes and there is considerable poverty or near-poverty conditions in and especially outside the city. The Spanish-colonial city center has been reinvigorated following a commercial boom, and there are some minor league sports teams and some events of cultural interest but overall there is little to do. At 111 days per year above 90[dg]F, the city is one of the hottest in the United States. The Cost of Living Index is not surprisingly low, but the city’s constant bustle, lack of intellectual stimulation, poverty, high crime rate, and heat will try most anyone’s patience.
Laredo sits far enough west of the Gulf Coastal Plain to be in a zone of dry, rolling hills and plains, supporting scrub vegetation, small cacti, and oak trees. The climate is semiarid. Summers are hot with most days over 90[dg]F, but with humidity lower than areas on the Gulf Coast. Most rain occurs in summer as thundershowers. Winters are mild and dry with many days in the 70s and 80s; evening lows dip below freezing occasionally.
Interesting Facts about Laredo, Texas
As of 2014, Laredo's population is 236,063 people. Since 2000, it has had a population growth of 31.71 percent.--------------------
The median home cost in Laredo is $109,500. Home appreciation the last year has been 2.60 percent.--------------------
Compared to the rest of the country, Laredo's cost of living is 14.70% Lower than the U.S. average.--------------------
Laredo public schools spend $10,109 per student. The average school expenditure in the U.S. is $12,435. There are about 16.2 students per teacher in Laredo.--------------------
The unemployment rate in Laredo is 4.90 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Laredo jobs have Increased by 1.33 percent.
Ranked #84 High Gas Prices - Which Cities are Hit the Hardest?
Ranked #106 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #262 Best Green Cities
Ranked #331 2005 Best Places to Live
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Average Commute time is 21 minutes. The National Average is 25 minutes.--------------------
Laredo's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes