Laredo is a city in Texas state in USA with a population of 260571 residents.. The poverty rate of Laredo is 23.9%, which is 71% higher than national average. The typical household in Laredo earns $51120 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 49% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Laredo, only 69% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Laredo remained 5.5%, which is 17% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Laredo, only 19% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Laredo is 78, which is 22% lower than national average. Median home value in Laredo is $140100 , which is 39% lower than national average. While median income in Laredo remained $51120, which is 24% lower than national average.