Detroit, MI vs Laredo, TX
Cost of Living Comparison
Laredo, TX is more affordable by 13.3 index points
Side-by-Side Comparison
| Category | Detroit, MI | Laredo, TX | Difference |
|---|---|---|---|
| Overall | 100.3 | 87.0 | +13.3 |
| Housing | 94.7 | 59.7 | +34.9 |
| Goods | 98.8 | 93.8 | +5.1 |
| Utilities | 107.0 | 80.6 | +26.4 |
| Other Services | 102.6 | 96.2 | +6.4 |
Income & Housing Comparison
| Metric | Detroit, MI | Laredo, TX |
|---|---|---|
| Median Household Income | $72,456 | $59,984 |
| Median Home Value | $223,800 | $161,000 |
| Median Monthly Rent | $1,112 | $964 |
| Per Capita Income | $40,536 | $23,446 |
Frequently Asked Questions
Is Detroit, MI or Laredo, TX cheaper to live in?
Laredo, TX is more affordable. The cost of living difference is 13.3 index points (Detroit, MI: 100.3, Laredo, TX: 87.0).
Where is housing cheaper, Detroit, MI or Laredo, TX?
Housing is more affordable in Laredo, TX. Housing index: Detroit, MI (94.7) vs Laredo, TX (59.7).