Laredo, TX vs Wichita Falls, TX

Laredo, TX and Wichita Falls, TX have a very similar cost of living, with only a 4.9% difference in their overall index. Laredo scores 76 while Wichita Falls scores 73 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Laredo is $1,001/month compared to $978/month in Wichita Falls — a 2% difference. Home values follow the same pattern: Wichita Falls is more affordable at $142,600 median vs $182,400.

Median household income in Laredo is $63,264 compared to $58,568 in Wichita Falls (+8%). While Laredo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Laredo spend roughly 19% of their income on rent, less than the 20% in Wichita Falls.