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EV vs Gas Calculator for Laredo, TX
Local data pre-filled
Laredo commuters average 21 minutes each way, translating to roughly 3,675 miles/year of commuting alone. Based on Laredo's cost of living index (83), local gas prices run ~$2.86/gallon and electricity costs ~$0.116/kWh. EVs tend to be more cost-effective in cities with higher gas prices and shorter commutes — use this calculator to see your Laredo-specific break-even point.
Data as of · Sources: Zillow, Census ACS, Tax Foundation, Freddie Mac
Texas Financial Snapshot (2026) — EV vs Gas Calculator
Cost-of-living index scales typical utility spend for the ev vs gas calculator in Texas.
How the EV vs Gas Calculator Math Works Under Texas Law
The EV vs Gas Calculator runs a well-known formula (principal × rate, discounted cash flow, amortization, or equivalent) client-side and layers on Texas's tax and cost-of-living inputs. State-specific numbers — brackets, exemptions, and averages — come from public federal / state datasets cited in the sources section.
Local context: Laredo, TX
Housing economics in Laredo, TX. The median home value runs 39.6% below the U.S. baseline for Laredo, TX is $216,265 per Zillow's home-value index. Median rent runs $1,330 a month per Zillow ZORI, cheaper than the national $1,850 baseline. Effective property tax sits at 1.80% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. Texas's top marginal state income tax bracket lands at 0.00% — one of nine states that levies no broad-based income tax, shifting the revenue burden onto sales, property, and severance levies. BEA's Regional Price Parity scores Laredo, TX at 83.0 (national = 100), meaning a dollar in Laredo, TX buys 120¢ — more goods and services than the same dollar nationally.
Local context as of 2026-04-19.
Laredo versus the U.S. baseline
| Metric | Laredo, TX | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $216,265 | $358,000 | -39.6% |
| Median monthly rent[zillow] | $1,330 | $1,850 | -28.1% |
| Property tax (effective)[tax-foundation] | 1.80% | 0.99% | 81.8% |
| State top marginal income tax[tax-foundation] | None | ~4.08% (volume-weighted) | −4.08 pp |
| State cost-of-living index[bea-rpp] | 83.0 | 100.0 | -17.0 pts |
How to use the EV vs Gas Calculator
Walk through using the EV vs Gas Calculator with Laredo, TX-specific defaults pre-loaded from primary sources.
- Enter your Laredo numbersFill in the ev vs gas inputs. Defaults reflect Laredo, TX 2026: median home $216,265, median rent $1,330/mo, 1.80% effective property tax.
- Apply the local 2026 inputsThe median home value in Laredo is $216,265 (Zillow ZHVI), with median monthly rent running $1,330/mo.
- Compare against Laredo contextMonthly PITI on the $216,265 median home in Laredo is ~$1,882/mo — vs a $1,330/mo median rent.
How Texas Compares to Neighboring States
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Texas (this page) | $295,000 | None | 1.80% | 97.1 |
| Arkansas | $198,000 | 3.90% | 0.64% | 86.8 |
| check Louisiana | $215,000 | 3.00% | 0.55% | 88.7 |
| New Mexico side-by-side | $305,000 | 5.90% | 0.80% | 91.0 |
| Oklahoma | $205,000 | 4.75% | 0.90% | 88.7 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in Texas
- Texas cost-of-living drag:Line-item costs in Texas deviate from the US mean by whatever the BEA all-items RPP deviates from 100. Weight your budget toward the state average rather than the national average.
Related Calculations for Texas
- Texas Gas Cost Calculator — gas cost is one input to EV vs gas.
- EV Charging Cost Calculator for Texas — charging cost is the EV side.
How Laredo Compares to the National Average
Understanding how Laredo stacks up helps you calibrate your financial planning.
| Metric | Laredo, TX | US Average | Difference |
|---|---|---|---|
| Median Home Price | $216,265 | $420,800 | -48.6% |
| Median Monthly Rent | $1,330 | $1,713 | -22.4% |
| Median Household Income | $62,506 | $74,580 | -16.2% |
| Property Tax Rate | 1.80% | 1.10% | +63.6% |
| Cost of Living Index | 83 | 100 | -17.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Laredo Financial Snapshot
- Population (Metro)
- 275,000
- Unemployment
- 5.2%
- Avg Commute
- 21 min
- Median Age
- 28.6
- Price-to-Rent Ratio
- 13.6x
- Annual Property Tax
- $3,893
More Financial Calculators for Laredo, TX
EV vs Gas Calculator in Other Texas Cities
Frequently Asked Questions — Laredo
- Can median-income households afford the median home in Laredo?
- With a ~$1,882 monthly PITI and $62,506 median income, housing would consume ~36.1% of gross annual income. Qualifying under the 28% DTI rule requires ~$80,657 in annual income. Educational reference only.
- Is it better to rent or buy in Laredo?
- Laredo's price-to-rent ratio (13.6x) tilts toward buying — below 15x, homes are economical relative to renting.
- What is the annual property tax bill on the median home in Laredo?
- Approximately $3,893/yr at the 1.80% effective rate on the $216,265 median home. The national average effective rate is 1.07%.
- What share of median income goes to rent in Laredo?
- The $1,330/mo median rent represents 25.5% of the $62,506 median household income. The recommended housing cost threshold is 30%; Laredo falls within that guideline. Educational reference only.
- How much does commuting cost in Laredo?
- Average commute time in Laredo is 21 minutes per ACS. Estimated annual commute cost runs about $3,658. Educational reference only.
- How does the cost of living in Laredo compare to the national average?
- Laredo's BEA RPP index is 83, 17% below the national baseline of 100. For a household earning the national median income of $77,540, this translates to ~$13,182/yr in purchasing power difference. Educational reference only.
- What is the median home price in Laredo, TX?
- The median home price in Laredo is $216,265 as of 2025–2026.
- What is the average rent in Laredo?
- The median monthly rent in Laredo, TX is $1,330.
- Does the ev vs gas replace professional advice?
- No. This calculator gives educational estimates using public Laredo data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for decisions with material consequences.
How we compute this — methodology
The Laredo page uses local median home price ($216,265), median rent ($1,330/mo), and property tax rate (1.80%) alongside the calculator's client-side formula. Calculations run in your browser — no inputs are sent to a server.
Known limits: ZIP-level variance within Laredo can be substantial — the figures shown are city-wide medians. For a precise property tax quote, consult your county assessor.
Sources
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index), city-level. zillow.com/research/data. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income and population. census.gov/programs-surveys/acs.
- CalcFi state financial context — tips + first-time homebuyer programs compiled from each state's Housing Finance Authority (HFA) public pages. See
src/data/state-financial-context.ts. - Tax Foundation — state property tax effective rates and state/local sales tax rates. taxfoundation.org.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rate averages used by mortgage-related calculators. freddiemac.com/pmms.
- U.S. Energy Information Administration — residential electricity / natural gas / gasoline — www.eia.gov. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
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