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 115 for Sparks. Laredo is 24 points cheaper overall. Monthly rent goes from $1,967 to $1,327 (-33%).
If you earn the Sparks median of $86,979, you would need approximately $68,827/year in Laredo to maintain equivalent purchasing power, based on the cost index difference of 24 points (21%).
Median rent in Sparks is $1,967/month. In Laredo it is $1,327/month — a difference of $640 per month, or $7,680 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 $68,827/year in Laredo. The median income there is $63,264.
Estimated monthly essentials total $4,147 in Sparks vs $3,079 in Laredo — a difference of $1,068/month ($12,816/year).
The median home price in Laredo is $217,648 vs $523,431 in Sparks. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,101 in Laredo vs $2,647 in Sparks.