Cost of Living: Laredo, TX vs Albert lea, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laredo | Albert lea |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $260,000 | $225,000 |
| Average Rent (2 BR Apartment) | $950 | $1050 |
| Average Rent (2 BR House) | $960 | $1200 |
Housing Comparison: Laredo vs Albert lea
- In Laredo, the median home price is higher at $260,000, while in Albert lea it is $225,000.
- Renting a two-bedroom apartment costs more in Laredo at $950 than in Albert lea at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laredo | Albert lea |
|---|---|---|
| Electricity Price | $14.47 | $16.38 |
| Natural Gas Price | $26.29 | $14.87 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Laredo vs Albert lea
- Albert lea has higher electricity costs at $16.38 per kWh, versus $14.47 in Laredo.
- Natural gas is more expensive in Laredo at $26.29 per unit, while it is cheaper at $14.87 in Albert lea.
- Albert lea has higher utility expenses, averaging $250, while Laredo averages $150.