Colorado Springs vs Laredo

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Colorado Springs has the same purchasing power as $58,571 in Laredo.

Conversely, $75,000 in Laredo equals $96,037 in Colorado Springs.

Living in Colorado Springs vs Laredo

Housing Costs

Colorado Springs's housing index of 115 is higher Laredo's 81, translating to median home prices of $380,000 vs $190,000. The $190,000 difference in home prices means roughly $12,348 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Colorado Springs compared to $1,075/mo in Laredo, a monthly difference of $425.

Grocery & Food Costs

Grocery expenses index at 100 in Colorado Springs and 91 in Laredo. A household spending the national average of $475/month on groceries would pay approximately $475/month in Colorado Springs vs $432/month in Laredo. Laredo offers a meaningful advantage on everyday food costs, saving roughly $516/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 93 in Colorado Springs and 107 in Laredo. Monthly utility bills average approximately $372 in Colorado Springs vs $428 in Laredo. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 104 in Colorado Springs and 77 in Laredo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 27-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $64,712 in Colorado Springs and $63,900 in Laredo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $61,630 and $77,927 respectively. Laredo residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,510/month to housing in Colorado Springs vs $1,491/month in Laredo. In Colorado Springs, median rent of $1,500/mo fits within this budget. In Laredo, median rent of $1,075/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 34 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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