Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Laredo is a financial step down — higher costs without proportional income gain.
Laredo has a cost index of 91 vs 98 for Garland. Laredo is 7 points cheaper overall. Monthly rent goes from $1,563 to $1,327 (-15%).
If you earn the Garland median of $74,717, you would need approximately $69,380/year in Laredo to maintain equivalent purchasing power, based on the cost index difference of 7 points (7%).
Median rent in Garland is $1,563/month. In Laredo it is $1,327/month — a difference of $236 per month, or $2,832 per year.
Moving to Laredo is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $69,380/year in Laredo. The median income there is $63,264.
Estimated monthly essentials total $3,433 in Garland vs $3,079 in Laredo — a difference of $354/month ($4,248/year).
The median home price in Laredo is $217,648 vs $283,929 in Garland. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,101 in Laredo vs $1,436 in Garland.