Overall
- Laredo
- 87.0
- Farmington
- 87.7
Diff +0.8 RPP
Laredo vs Farmington
Cost of living comparison based on BEA Regional Price Parities. Farmington is 0.9% more expensive than Laredo.
0.9% more expensive
Farmington, NM is 0.9% more expensive than Laredo, TX on BEA Regional Price Parities (overall RPP 87.7 vs 87.0). A $100,000 salary in Laredo buys about the same as $100,864 in Farmington; the largest component gap is rents.
- Overall RPP 87.0 (Laredo) vs 87.7 (Farmington)
- $100k in Laredo ≈ $100,864 purchasing power in Farmington
- Rents drives the gap (-3.2 RPP points)
RPP parity plate
Pair TX:NM 87.0→87.7
PHOTO-FINISH · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-PAR
- PHOTO-FINISH Photo finish
- CROSS-STATE TX × NM
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-PAR PP near-par
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Laredo
87.0
Cost Index
Farmington
87.7
Cost Index
What This Comparison Actually Tells You
Laredo, TX and Farmington, NM are a photo finish on overall price level, only 0.8 RPP points apart. A salary conversion is therefore a fine adjustment, not evidence of a fundamentally different cost regime.
Rents creates the largest separation: Farmington is 3.2 points lower. But rents and services move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Laredo corresponds to $100,864 in Farmington.
Category Breakdown
Goods
- Laredo
- 93.8
- Farmington
- 96.1
Diff +2.4 RPP
Services
- Laredo
- 80.6
- Farmington
- 77.9
Diff -2.7 RPP
Rents
- Laredo
- 59.7
- Farmington
- 56.6
Diff -3.2 RPP
| Category | Laredo | Farmington | Difference |
|---|---|---|---|
| Overall | 87.0 | 87.7 | +0.8 |
| Goods | 93.8 | 96.1 | +2.4 |
| Services | 80.6 | 77.9 | -2.7 |
| Rents | 59.7 | 56.6 | -3.2 |
Visual Comparison
Overall
Laredo 87.0
Farmington 87.7
Goods
Laredo 93.8
Farmington 96.1
Services
Laredo 80.6
Farmington 77.9
Rents
Laredo 59.7
Farmington 56.6
Vertical line = national average (100)
Salary Equivalents
What a salary in Laredo would need to be in Farmington for the same purchasing power:
| In Laredo | In Farmington | Difference |
|---|---|---|
| $50,000 | $50,432 | +$432 |
| $75,000 | $75,648 | +$648 |
| $100,000 | $100,864 | +$864 |
| $150,000 | $151,295 | +$1,295 |
$ in Laredo = in Farmington
Same BEA Regional Price Parity ratio as the table above (87.0 → 87.7), computed live from your number, nothing is sent anywhere.
Frequently Asked Questions
Is Farmington more expensive than Laredo?
Farmington is 0.9% more expensive than Laredo. The overall cost index is 87.7 vs 87.0 (national average = 100).
What salary in Farmington equals $100K in Laredo?
A $100,000 salary in Laredo has the same purchasing power as $100,864 in Farmington. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Laredo and Farmington?
Rents in Laredo are indexed at 59.7 while Farmington is at 56.6 (national average = 100). Laredo has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.