Cost of Living in Laredo, TX
Housing
The housing market plays a significant role in determining the cost of living in Laredo, TX.
- Housing Index: 90.0 / 100
- Median Home Price is: $260,000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $960 per month
When considering a move to Laredo, TX, the housing index of 90.0 indicates a moderately affordable market compared to national averages. With a median home price of 260000, buying a home might be a considerable investment, yet not prohibitive. Alternatively, rental options are quite reasonable, with the average rent for a 2-bedroom apartment at 950 and a 2-bedroom house at 960. This suggests viable options for both renters and potential buyers, but researching local amenities and economic conditions could enhance your decision-making process for a smooth transition.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laredo, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Laredo, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Laredo is a financially viable option for your relocation.