Living in Laredo, Texas
Cost of living, income, home prices, rent and demographics of Laredo · Census data 2020–2024
Laredo has 257,619 residents with a median age of 29.9. The median household income is $63,915 (19% lower than the Texas median), the median home value is $193,500, the median rent is $1,030/month.
Laredo at a glance
- Population
- 257,619
- Median age
- 29.9State: 35.6
- Median household income
- $63,915State: $78,476
- Median home value
- $193,500State: $283,800
- Median rent
- $1,030/moState: $1,403
- Homeowners
- 64.1%
- Bachelor's degree or higher
- 22%
- Average commute
- 22 min
Is Laredo a good place to live?
Pros: Home values 32% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 19% lower than the Texas median; unemployment of 5.4%; a poverty rate of 20.9%.
The weather is best in February–March and November–December.
Cost of living in Laredo
Housing is the biggest part of the cost of living. In Laredo the median home value is $193,500, 42% lower than the U.S. median. Renters pay a median of $1,030 per month, which is 32.2% of household income. Homeowners with a mortgage pay $1,716 a month in housing costs.
Laredo median household income
The median household income in Laredo is $63,915 and the income per person is $25,161. 20.9% of residents live below the poverty line (Texas: 13.8%).
Housing in Laredo: homes for sale and rent
- Housing units
- 84,111
- Owner-occupied
- 64.1%
- Renter-occupied
- 35.9%
- Vacant
- 7.2%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 3.26
Laredo demographics
- Population
- 257,619
- Median age
- 29.9
- Under 18
- 31.3%
- 65 and older
- 10%
- Households
- 78,082
- Foreign-born
- 25.1%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Laredo ›
Education in Laredo
22% of adults 25 and older in Laredo have a bachelor's degree or higher (Texas: 33.8%), and 6.5% have a graduate or professional degree.
Jobs and commute in Laredo
- Unemployment rate
- 5.4%State: 5.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 5.9%
- Drive alone
- 79.2%
- Public transit
- 0.7%
- Walk to work
- 1.2%
- Homes with broadband
- 87.4%
Laredo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Laredo | 257,619 | $63,915 | $193,500 | $1,030 |
| Los Altos | 1,082 | $22,177 | — | — |
| San Carlos II | 259 | $2,499 | $39,000 | — |
| Ranchos Penitas West | 395 | $61,250 | $254,500 | — |
| Pueblo Nuevo | 511 | $78,346 | $159,800 | — |
| Rio Bravo | 4,491 | $45,864 | $77,400 | $724 |
More for people moving to Laredo
Laredo ZIP code ›Weather and climate ›Living in Laredo: FAQ
What is the median household income in Laredo, TX?
The median household income in Laredo is $63,915, 19% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Laredo?
The median home value in Laredo is $193,500, compared with $283,800 in Texas.
How much is rent in Laredo?
The median gross rent in Laredo is $1,030 per month, about 32.2% of household income.
Is Laredo, TX a good place to live?
Pluses: home values 32% lower than the state median; an average commute of 22 minutes. Minuses: median household income 19% lower than the Texas median; unemployment of 5.4%; a poverty rate of 20.9%.
What is the median age in Laredo?
The median age in Laredo is 29.9 years (Texas: 35.6).
How long is the commute in Laredo?
The average commute to work in Laredo is 22 minutes; 5.9% of workers work from home.
What is the unemployment rate in Laredo?
The unemployment rate in Laredo is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Laredo?
22% of adults in Laredo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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