Concord vs Laredo
Cost of Living Comparison · 2026
Concord
Laredo
The Verdict
Laredo is 22.0% less expensive than Concord overall. A household earning $75,000 in Concord would need approximately $61,500 in Laredo to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Concord has the same purchasing power as $61,500 in Laredo.
Conversely, $75,000 in Laredo equals $91,463 in Concord.
Living in Concord vs Laredo
Housing Costs
Concord's housing index of 110 is higher Laredo's 81, translating to median home prices of $340,000 vs $190,000. The $150,000 difference in home prices means roughly $9,756 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,375/mo in Concord compared to $1,075/mo in Laredo, a monthly difference of $300.
Grocery & Food Costs
Grocery expenses index at 101 in Concord and 91 in Laredo. A household spending the national average of $475/month on groceries would pay approximately $480/month in Concord vs $432/month in Laredo. Laredo offers a meaningful advantage on everyday food costs, saving roughly $576/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 110 in Concord and 107 in Laredo. Monthly utility bills average approximately $440 in Concord vs $428 in Laredo. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 113 in Concord and 77 in Laredo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 36-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $84,900 in Concord and $63,900 in Laredo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $84,900 and $77,927 respectively. Concord residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,981/month to housing in Concord vs $1,491/month in Laredo. In Concord, median rent of $1,375/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 Healthcare, where the gap is 36 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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