Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Laredo looks like a financial upgrade — better income-to-cost ratio.
Laredo has a cost index of 91 vs 97 for Houston. Laredo is 6 points cheaper overall. Monthly rent goes from $1,542 to $1,327 (-14%).
If you earn the Houston median of $62,894, you would need approximately $59,004/year in Laredo to maintain equivalent purchasing power, based on the cost index difference of 6 points (6%).
Median rent in Houston is $1,542/month. In Laredo it is $1,327/month — a difference of $215 per month, or $2,580 per year.
Moving to Laredo looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $59,004/year in Laredo. The median income there is $63,264.
Estimated monthly essentials total $3,393 in Houston vs $3,079 in Laredo — a difference of $314/month ($3,768/year).
The median home price in Laredo is $217,648 vs $261,976 in Houston. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,101 in Laredo vs $1,325 in Houston.