Lakewood vs Laredo
Cost of Living Comparison · 2026
Lakewood
Laredo
The Verdict
Laredo is 62.2% less expensive than Lakewood overall. A household earning $75,000 in Lakewood would need approximately $46,241 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 Lakewood has the same purchasing power as $46,241 in Laredo.
Conversely, $75,000 in Laredo equals $121,646 in Lakewood.
Living in Lakewood vs Laredo
Housing Costs
Lakewood's housing index of 188 is higher Laredo's 81, translating to median home prices of $574,000 vs $190,000. The $384,000 difference in home prices means roughly $24,960 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Lakewood compared to $1,075/mo in Laredo, a monthly difference of $775.
Grocery & Food Costs
Grocery expenses index at 101 in Lakewood and 91 in Laredo. A household spending the national average of $475/month on groceries would pay approximately $480/month in Lakewood 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 85 in Lakewood and 107 in Laredo. Monthly utility bills average approximately $340 in Lakewood 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 84 in Lakewood and 77 in Laredo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $83,800 in Lakewood and $63,900 in Laredo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $63,008 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 $1,955/month to housing in Lakewood vs $1,491/month in Laredo. In Lakewood, median rent of $1,850/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 107 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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