Housing costs in Laredo?
A typical home costs
$103,000, which is 69.5% less expensive than the national average of
$338,100 and 65.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Laredo costs
$940 per month, which is 26.6% cheaper than the national average of
$1,280 and 6.4% cheaper than the state average of
$1,000.
Can I afford Laredo?
To live comfortably in Laredo (zip 78040), Texas, a minimum annual income of
$19,800 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Laredo?
The cost of living in 78040 Laredo, TX is extremely affordable compared to the rest of the United States. The area has a median household income of $43,914, which is significantly lower than the national average. The housing market is also quite reasonable with a median home value of $99,400 and very low monthly rent prices. Additionally, groceries and other goods are relatively inexpensive compared to most other places in the nation. All in all, living in 78040 Laredo, TX can be beneficial for those looking for an affordable place to live without sacrificing quality amenities.