Laredo, TX 78040 is an area ripe with opportunity for those looking to settle in the area. It is located on the Mexican border and has a population of 250,924 people as of 2019. The 2 Bedroom rent in this area is $940, significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index here is 89 compared to 100 in other areas of the US.
Those looking to settle down in this area will find plenty of local businesses to support their community. Notable companies such as HEB Grocery Co., Border Construction Corporation, Laredo National Bank, KCI Construction and JNC trucking are all based in Laredo and have been integral to its economic growth.
Laredo (zip 78040) has an unemployment rate of 7.9%. The US average is 6.0%.
Laredo (zip 78040) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Laredo (zip 78040)
- The Sales Tax Rate for Laredo (zip 78040) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Laredo (zip 78040) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laredo (zip 78040)
- The average income of a Laredo (zip 78040) resident is $13,519 a year. The US average is $37,638 a year.
- The Median household income of a Laredo (zip 78040) resident is $29,836 a year. The US average is $69,021 a year.