Laredo vs Minneapolis
Cost of Living (2026)

Laredo is 39% less expensive than Minneapolis. Plus, Texas has no state income tax vs Minnesota's 6.8%.

Enter your salary → get exact comparison

At a glance

Laredo, TX

COL index76 ✓
State income taxNone ✓
Avg 1BR rent$720/mo ✓
Median home price$160K ✓
VS

Minneapolis, MN

COL index106
State income tax6.8%
Avg 1BR rent$1,450/mo
Median home price$355K

Cost breakdown by category

CategoryLaredo indexMinneapolis indexDifference
Housing98 ✓138+40%
Groceries73 ✓101+28%
Transportation75 ✓101+26%
Healthcare74 ✓103+29%
Utilities77 ✓101+24%

Source: C2ER Cost of Living Index 2026. Index = 100 is US average. ✓ indicates lower cost.

Salary equivalency: Laredo → Minneapolis

What salary in Minneapolis gives you the same purchasing power as your Laredo salary?

Salary in LaredoEquivalent in MinneapolisDifference
$60,000$93,000+$33,000
$80,000$124,000+$44,000
$100,000$154,000+$54,000
$130,000$201,000+$71,000
$150,000$232,000+$82,000
$200,000$309,000+$109,000

Laredo vs Minneapolis: Full Cost of Living Comparison (2026)

When comparing the cost of living between Laredo, TX and Minneapolis, MN, Laredo comes out significantly more affordable with a COL index of 76 versus 106 for Minneapolis — a difference of approximately 39%.

State income tax impact

Texas has no state income tax, giving Laredo workers an immediate 6.8% take-home pay advantage over Minneapolis workers who pay Minnesota's 6.8% state income tax.

Housing costs

The median home price in Laredo is $160,000, compared to $355,000 in Minneapolis. Average 1-bedroom rent is $720/month in Laredo versus $1,450/month in Minneapolis.

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