Housing costs in Laredo?
A typical home costs
$255,800, which is 24.3% less expensive than the national average of
$338,100 and 14.0% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Laredo costs
$1,390 per month, which is 8.6% more than the national average of
$1,280 and 28.1% more than the state average of
$1,000.
Can I afford Laredo?
To live comfortably in Laredo (zip 78045), Texas, a minimum annual income of
$48,960 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Laredo?
The cost of living in 78045 Laredo, TX is relatively low compared to the rest of the United States. The median home value in 78045 is approximately $88,000, which is significantly lower than the national average of $190,000. Other costs such as food, transportation and utilities also tend to be lower than other parts of the country. Additionally, the local economy provides many opportunities for employment and businesses to thrive. This helps to keep costs down and allows residents to stretch their budgets further. All in all, cost of living in 78045 Laredo, TX is quite affordable and a great place for anyone looking for an inexpensive cost of living.