Laredo, Texas is a vibrant border city located on the Rio Grande on the US-Mexico Border. It is home to over 260,000 people and offers a unique multicultural experience. The cost of living in Laredo is much lower than the US on average, with two bedroom rentals costing $1,060 compared to $1,430 nationally. Grocery costs are also significantly lower with the index sitting at 92 compared to 100 for the US as a whole. Laredo has an abundance of local businesses that offer goods and services ranging from restaurants to clothing stores. Popular companies include La Michoacana Meat Market, Sam's Western Wear, and Taco Palenque. With its pleasant climate and low cost of living, Laredo is an attractive city for those looking for a new place to call home.
Laredo has an unemployment rate of 7.9%. The US average is 6.0%.
Laredo has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Laredo
- The Sales Tax Rate for Laredo is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Laredo is 0.0%. 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 $15,127 a year. The US average is $28,555 a year.
- The Median household income of a Laredo resident is $55,603 a year. The US average is $69,021 a year.