Laredo, TX Metro Area is a bustling and vibrant community with a rich culture and burgeoning economy. The area is home to several major companies such as International Bank of Commerce, Texas Petroleum, and El Metro. \nThis city offers residents great amenities like the Shannon Rose Hill Memorial Park, an entertainment center on Zaragoza Road, and numerous shopping centers. \nRent for a two bedroom in Laredo is around $1,000 which is lower than the US average of $1,430 while grocery cost index in this area is only 91 compared to 100 in the US. Even though it has its challenges, Laredo has a lot to offer people looking for an affordable place to live with plenty of opportunities available.
Laredo Metro Area has an unemployment rate of 7.9%. The US average is 6.0%.
Laredo Metro Area 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 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Laredo Metro Area
- The Sales Tax Rate for Laredo Metro Area is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Laredo Metro Area 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 Metro Area
- The average income of a Laredo Metro Area resident is $14,852 a year. The US average is $28,555 a year.
- The Median household income of a Laredo Metro Area resident is $54,618 a year. The US average is $69,021 a year.