Laredo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLaredoMissouriNational
Cost of living index7491100
IndexLaredoMissouriNational
Goods & Services index10399100
Groceries index8995100
Health care index9997100
Housing index2179100
Transportation index8787100
Utilities index93104100

Did you know?

  • The cost of living in Laredo is 19% lower than the Missouri average.
  • The cost of living in Laredo is 26% lower than the national average.
  • The cost of housing in Laredo is 79% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$29,375$2,448$685$881
Renters$16,250$1,354$379$488

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%

Goods & Services

ItemLaredoNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $32.43$34.686.5%
Toothpaste $1.86$2.4724.8%
Shampoo $1.17$1.0214.5%
Movie $9.36$9.875.2%
Bowling $4.11$4.396.4%

Groceries

ItemLaredoNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.25$1.4614.6%
Milk $2.35$2.360.3%
Potatoes $2.52$3.0617.7%
Pizza $7.49$9.2419.0%
Beer $7.77$8.6310.0%

Health Care

ItemLaredoNational avg.Difference
Optometrist $95.50$99.784.3%
Doctor $101.50$105.033.4%
Dentist $89.10$88.700.4%
Ibuprofen $8.37$9.4111.1%
Lipitor $306.77$298.502.8%

Housing

ItemLaredoNational avg.Difference
Home Price $22,100.00$175,700.0087.4%
Avg. Mortgage Payment $1,000.66$1,081.037.4%
Apartment Rent $371.00$920.0059.7%

Transportation

ItemLaredoNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $43.05$45.294.9%

Utilities

ItemLaredoNational avg.Difference
All Electricity$162.80$170.804.7%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Osgood, MO1492-8%
Humphreys, MO9374-26%
Galt, MO26474-26%
Tindall, MO7375-25%
Spickard, MO29173-27%
Laredo, MO21574-26%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Caledonia, IL21595-5%
Walthall, MS21577-23%
Bodcaw, AR21583-17%
West Mineral, KS21576-24%
Port Clinton, PA21590-10%
Laredo, MO21574-26%
Source: The Laredo, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.