Texas is known nationwide for its high quality of life with a reasonable price tag, and Laredo is no exception. The cost of living in this mid-sized southern Texas city runs 12% cheaper than the state standard. So, if you intend to sell your house in Laredo, affordability is a major upselling point to draw in potential buyers from out of town.
Of course, the figure we just stated is simply a generalization of Laredo’s living standard. Naturally, we spend money daily and monthly on a wide range of facets. Let’s go ahead take a deeper look at how much each aspect of life costs in Laredo.
Cost of Living In Laredo, Texas
Housing
15% below Texas average
33% below US average
Whether you’re paying rent or chipping away at your mortgage, housing rates are going to affect your monthly budget. In Laredo, luckily, they won’t dip into your savings too much. As noted by the numbers, Laredo offers a competitive real estate cost that’s cheaper than most of Texas’s already affordable and great state.
If you plan to sell your house in Laredo soon, be aware that the city is currently in the middle of a buyer’s market, with a supply of homes more remarkable than what’s in demand. Still, with the proper execution, you can undoubtedly profit well off your home sale.
Healthcare
5% below Texas average
8% below US average
After housing, healthcare is usually the next most enormous bill to take a bite out of your paycheck. Laredo locals can rest easy knowing that their doctor copays and hospital bills will be far lower than their less fortunate counterparts in expensive coastal states.
Groceries
7% below Texas average
8% below US average
There’s no significant difference between the average cost of groceries in Laredo compared to the rest of Texas. Beyond state limits, however, you’ll find that your regular supermarket run in the Lone Star State will preserve you a hefty sum of cash in the long term.
Utilities
1% below Texas average
2% below US average
The bad news? Your energy bill in Laredo won’t be as much money saver as your rent or groceries. However, the good news is that utility costs here still fall under the national norm, albeit just a tad. Since Texas summers are increasingly dense and sticky, you’ll probably be cranking up the A/C (and the tab that comes with it) to combat the heat in the summer months, only to save your funds during the mild southern winters.
Transportation
3% above Texas average
5% below US average
Transportation is the only cost of a living factor in Laredo that’s higher than the state average, and not by much at that. Considering all the other funds you’ll be saving, from power bills to produce, spending slightly more on gas won’t break the bank.
What does United Home Offer have in common with Laredo’s low cost of living? For starters, they both involve keeping (and adding to) your money in your pocket. We buy houses in Texas as-is, in all cash, so you can sell your house in Laredo without investing your precious time and hard-earned savings.
