Chicago, IL vs Laredo, TX
Cost of living comparison · 2023 Census ACS data
Quick Summary
Housing costs separate Laredo and Chicago more than any other line item — $182,000 versus $315,000 for a typical home, a 42% spread. Laredo also has no state income tax, while the other state tops out at 5.0% — a meaningful annual difference at higher income levels.
Median Home Value
$315,200
$182,400 ✓
Zillow Home Value
$312,456
$217,648
Median Gross Rent
$1,380/mo
$1,001/mo ✓
Owner Occupied %
45.5%
63.3%
Price-to-Rent Ratio
19.0x
15.2x
Median Household Income
$75,134 ✓
$63,264
Per Capita Income
$48,148
$24,584
Unemployment Rate
7.9%
5.5% ✓
Poverty Rate
16.8%
20.8%
Avg Commute (min)
36.7 min
22.9 min
Drove Alone %
46.0%
79.3%
Public Transit %
19.3%
0.8%
Work From Home %
18.3%
5.3%
State Income Tax
5.0%
None
Total Sales Tax
8.7%
8.2% ✓
Property Tax Rate
2.2%
1.7%
Bachelor's Degree %
24.9%
15.1%
Median Age
35.7
29.7
Avg High Temp
60.3°F
85.9°F
Annual Precipitation
34.4"
21.4"
Chicago, IL 1 wins
- ✓Median Household Income
Laredo, TX 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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