Salary & Cost of Living in Laredo, TX
Laredo, TX: $42,000 median salary, cost of living index 80, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$42,000
$20/hr
Cost of Living
80
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
4.5%
rate
Laredo, TX Overview
Population
255,205
Median Salary
$42,000
Average Salary
$47,000
Avg Commute
22 min
Median Home Price
$180,000
Median Rent
$900/mo
Job Growth
+1%
Sales Tax
8.25%
Laredo is located in Texas with a population of 255,205. The median household salary is $42,000 per year ($20/hour), which is $17,384 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +1%.
Laredo Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Laredo, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$35,786
$2,982.13/month · $1,376.37/biweekly · Effective Rate: 14.8%
Gross Pay
$42,000
Federal Tax
-$3,002
State Tax
$0
Local Tax
$0
FICA
-$3,213
Net Pay
$35,786
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,500.00 | $42,000.00 |
| Federal Income Tax | -$250.13 | -$3,001.50 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$217.00 | -$2,604.00 |
| Medicare (1.45%) | -$50.75 | -$609.00 |
| Net Take-Home Pay | $2,982.13 | $35,785.50 |
Salary Comparison: Laredo vs Other Cities
See how Laredo's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Laredo, TX | $42,000 | 80 | $52,500 |
| National Average | $59,384 | 100 | $59,384 |
| Hialeah, FL | $42,000 | 110 | $38,182 |
| Youngstown, OH | $42,000 | 78 | $53,846 |
| Reading, PA | $42,000 | 85 | $49,412 |
| Myrtle Beach, SC | $42,000 | 95 | $44,211 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Laredo
Laredo's cost of living index is 80 (national average = 100). Living in Laredo is 20% less expensive than the national average.
Median Home Price
$180,000
Median Monthly Rent
$900
Annual Rent Cost
$10,800
Your Salary's Purchasing Power
Your $35,786 annual take-home pay in Laredo has the purchasing power of approximately $44,732 in an average-cost US area. Your $42,000 salary stretches further here than in most US cities.
Top Industries in Laredo
Laredo's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $42,000.
Salary Tips for Laredo Workers
- Your salary goes further here. Laredo has a cost of living 20% below the national average. A salary of $42,000 here has the purchasing power of about $52,500 in an average-cost area.
- No state income tax advantage. Texas has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Laredo's top industries include Trade, Logistics, Government. Targeting roles in these sectors can help you earn above the $42,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
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Frequently Asked Questions
What is the median salary in Laredo, TX?
The median salary in Laredo, TX is $42,000 per year, or $20 per hour. The average salary is $47,000. This is $17,384 below the national median of $59,384.
What is the cost of living in Laredo, TX?
Laredo's cost of living index is 80 (national average = 100), meaning it is 20% less expensive compared to the national average. The median home price is $180,000 and the median monthly rent is $900.
What are the best industries in Laredo?
The top industries in Laredo, TX include Trade, Logistics, Government. The city has a job growth rate of 1% and an unemployment rate of 4.5%. Workers in these industries often earn above the city's median salary of $42,000.
How does Laredo's salary compare to other cities?
Laredo's median salary of $42,000 is 29.3% below the national median of $59,384. However, when adjusted for cost of living (index: 80), the real purchasing power is approximately $52,500.
What is the minimum wage in Laredo, TX?
The minimum wage in Laredo, TX is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.