Laredo has the 74th largest population in the United States. The population grew by 8.2% from 2010 to 2015, which was faster than the national average. Unemployment in the Laredo area is 4%, which is higher than the national average, and is getting better. Laredo has the 224th largest local economy in the US, and a low cost of living. The average pay for jobs in Laredo is below average at $35,050, and the median cost of a home in Laredo is $110,700, which is below the national average. 17% of workers in Laredo hold a bachelors degree or higher (above average), and 65% of workers have a high school degree (above average). Driving to work is especially common in Laredo. 78% of Laredo workers drive to work alone, 1% take public transit, 13% carpool, and 6% walk. People in Laredo spend an average of 21 minutes commuting to work, which is shorter than the national average of 26 minutes.