Laredo is a big city located in the state of Texas. The city has a population of 251,671 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (95% White). Given that fact, Laredo could be considered less diverse than other cities. Additionally, more than a quarter of the population of Laredo are of Hispanic or Latino origin, and 90% of the population also speak Spanish. Laredo tends to attract a younger crowd, as the median age of 29 is far below the national average.
Living in Laredo can be a great experience for anyone relocating to the area. Having said that, in the state of Texas, there are many desirable places to live, so choose wisely! The best areas in Laredo and in surrounding cities are easier to find when you are able to make informed decisions. Using data from weather, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
Using data and statistics Laredo has received a livability score of 78 out of 100. This score is ranked in the 91st percentile when compared to all other cities. Based on this score, Laredo would be considered a very livable city! The cherry on top is that Laredo also ranks in the top 10 percent of all cities. For each of the livability categories, we know that Laredo ranks very well for amenities (A+), cost of living (A+), weather (A-) and education (B-). Laredo does not fare well for the following: employment (D-) and housing (F). It might be a smart idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Laredo, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: TAMIU Planetarium, San Augustin Plaza, and San Agustin Church.
From the cost of groceries to never ending utility bills, monthly expenses can add up in a hurry. We are happy to report that the cost of living in Laredo is actually 22.82% lower than the national average. You can definitely expect all those irritating monthly expenses to be less than most other cities.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Laredo have a test score average of 68%, which is well above the US average.
Assuming that Laredo meets all of your requirements, the next most important item to examine is the affordability of real estate in Laredo. Everything else becomes a lot less important if it turns out that home prices in Laredo are simply unattainable. The median home price for Laredo homes is $113,500, which is 20.5% lower than the Texas average. If we take a closer look at the affordability of homes in Laredo, we’ll see that the home price to income ratio is 2.9, which is 11.5% higher than the Texas average. Year over year appreciation rates for homes in the Laredo area were 5.5% and the 5 year appreciation rates came in at 4.2%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.