Laredo vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 63% cheaper for renters. A 2-bedroom rents for $698/mo vs $1,137/mo in Salem — saving $5,268/year.
Rent by Unit Size
| Unit Size | Laredo | Salem | Difference |
|---|---|---|---|
| Studio | $463 | $741 | $278 |
| 1 Bedroom | $552 | $913 | $361 |
| 2 Bedrooms | $698 | $1,137 | $439 |
| 3 Bedrooms | $851 | $1,411 | $560 |
| 4 Bedrooms | $966 | $1,615 | $649 |
| Median Income | $40,343 | $53,953 | $13,610 |
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Laredo or Salem cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $1,137/mo in Salem. That's $439/mo or $5,268/year more expensive in Salem (63% higher).
What is the 2-bedroom rent in Laredo vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Laredo is $698/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Laredo and Salem?
The median household income in Laredo is $40,343/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Laredo vs Salem?
A studio apartment Fair Market Rent in Laredo is $463/mo. In Salem it is $741/mo.