Median rent is 25% lower in Laredo ($1,030/mo vs $1,371/mo). Buying is cheaper in Laredo, where the median home runs $193,500 versus $362,200. Households earn more in Minneapolis ($80,846 vs $63,915 a year).
City A
Laredo, TX
City B
Minneapolis, MN
How much would you need to earn in Minneapolis, MN to maintain your standard of living from Laredo, TX?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Laredo
Texas
Minneapolis
Minnesota
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Laredo — median rent of $1,030/mo versus $1,371/mo in Minneapolis, a 25% difference. Home buyers face a steeper market in Minneapolis: the median home is $362,200 versus $193,500 in Laredo — 47% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Laredo
Income tax: N/A
Sales tax: N/A
Minneapolis
Income tax: N/A
Sales tax: N/A
Minneapolis has cleaner air on average: 55.0 AQI (Moderate) compared to 71.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Minneapolis if you prioritize higher median household income ($80,846/yr).
Pick Laredo if you prioritize cheaper rent ($1,030/mo median).
Pick Minneapolis if you prioritize cleaner air quality (avg AQI 55.0).
Is Laredo cheaper than Minneapolis?
Cost of living index data is not yet available for one or both cities.
How much is rent in Laredo vs Minneapolis?
Median rent is $1,030/mo in Laredo, TX and $1,371/mo in Minneapolis, MN. Laredo, TX has the lower rent by about 25%.
Which has higher salaries — Laredo or Minneapolis?
Median household income is $63,915 in Laredo, TX and $80,846 in Minneapolis, MN. Minneapolis, MN has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Minneapolis, MN has better air quality on average: 55.0 AQI versus 71.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Laredo or Minneapolis?
State tax data is not yet available for one or both cities.
What salary do I need in Minneapolis to match my Laredo income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
