Cost of Living: Laredo, TX vs Albert lea, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laredo | Albert lea |
|---|---|---|
| Housing Index | 98.2 | 103 |
| Median Home Price | $260,000 | $225,000 |
| Average Rent (2 BR Apartment) | $1166 | $872 |
| Average Rent (2 BR House) | $1267 | $948 |
Housing Comparison: Laredo vs Albert lea
- In Laredo, the median home price is higher at $260,000, while in Albert lea it is $225,000.
- In Albert lea, the rental for a two-bedroom apartment stands at $872, while it is $1,166 in Laredo.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laredo | Albert lea |
|---|---|---|
| Electricity Price | $14.47 | $16.38 |
| Natural Gas Price | $26.29 | $14.87 |
| Other Utilities | $235 | $233 |
Utilities Comparison: Laredo vs Albert lea
- Albert lea has higher electricity costs at $16.38 per kWh, versus $14.47 in Laredo.
- Natural gas is more expensive in Laredo at $26.29 per unit, while it is cheaper at $14.87 in Albert lea.
- Other utility costs are higher in Laredo at an average of $235, compared to Albert lea with $233.