New York, NY vs Laredo, TX
Cost of living comparison · 2023 Census ACS data
Quick Summary
Housing costs separate Laredo and New York more than any other line item — $182,000 versus $752,000 for a typical home, a 76% spread. Laredo also has no state income tax, while the other state tops out at 10.9% — a meaningful annual difference at higher income levels.
Median Home Value
$751,700
$182,400 ✓
Zillow Home Value
$812,534
$217,648
Median Gross Rent
$1,779/mo
$1,001/mo ✓
Owner Occupied %
32.8%
63.3%
Price-to-Rent Ratio
35.2x
15.2x
Median Household Income
$79,713 ✓
$63,264
Per Capita Income
$50,776
$24,584
Unemployment Rate
7.7%
5.5% ✓
Poverty Rate
17.4%
20.8%
Avg Commute (min)
44.8 min
22.9 min
Drove Alone %
21.9%
79.3%
Public Transit %
45.5%
0.8%
Work From Home %
15.0%
5.3%
State Income Tax
10.9%
None
Total Sales Tax
8.5%
8.2% ✓
Property Tax Rate
1.7%
1.7%
Bachelor's Degree %
23.6%
15.1%
Median Age
38
29.7
Avg High Temp
62.6°F
85.9°F
Annual Precipitation
49.5"
21.4"
Annual Snowfall
29.8"
—
New York, NY 1 wins
- ✓Median Household Income
Laredo, TX 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
Thinking about moving? See what salary you'd need in each city.
Open Cost of Living Calculator →