Laredo, MO is an affordable and desirable place to live. With a two-bedroom rent at just $580 a month, the cost of living is significantly lower than the national average of $1,430 per month. Groceries are even more affordable in Laredo, with the local Grocery Cost Index being 92 compared to the national average of 100. The city offers plenty of activities and entertainment opportunities for its residents. From outdoor hiking trails to family-friendly attractions like Grand Escape, there is something for everyone in this vibrant community. Local businesses also add to the local economy, such as The Laredo Post Office, Texas State Bank, and Nuevo Progreso Mexican Restaurant.
Laredo has an unemployment rate of 3.4%. The US average is 6.0%.
Laredo has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Laredo
- The Sales Tax Rate for Laredo is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Laredo is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laredo
- The average income of a Laredo resident is $13,890 a year. The US average is $28,555 a year.
- The Median household income of a Laredo resident is $40,000 a year. The US average is $69,021 a year.