Laredo, TX has a population of approximately 250,688 people and is located in the zip code area 78046. The average 2 bedroom rent in Laredo is $980 compared to the US average of $1,430. Additionally, the grocery cost index in Laredo is 91 versus the US average of 100. This makes it an attractive area for many to live in as it is affordable with significantly lower than average housing costs along with groceries being relatively cheaper than other places in the country. Some local businesses include: Whataburger, Sonic Drive-In, and Walgreens Pharmacy with all these companies having a cost of living index that are lower than national averages.
Laredo (zip 78046) has an unemployment rate of 7.9%. The US average is 6.0%.
Laredo (zip 78046) has seen the job market decrease by -6.8% 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 (zip 78046)
- The Sales Tax Rate for Laredo (zip 78046) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Laredo (zip 78046) 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 (zip 78046)
- The average income of a Laredo (zip 78046) resident is $15,226 a year. The US average is $37,638 a year.
- The Median household income of a Laredo (zip 78046) resident is $46,845 a year. The US average is $69,021 a year.