Laredo, Texas Overview Laredo, Texas sits on the north bank of the Rio Grande River, directly across from Mexico. It's ...
Laredo, Texas Overview
Laredo, Texas sits on the north bank of the Rio Grande River, directly across from Mexico. It's the third largest border town, with a population of 250,304. Due to its proximity and access to highways, Laredo's economy is largely tied with trade to Mexico. Many Mexican manufacturing operations' transportation is handled by facilities in Laredo.
Unlike many border towns, Laredo thrives. It's a shopping destination for affluent Mexicans, a transportation hub due to its access to highways and a deep-water port, and the home of several financial institutions. It's done a good job of diversifying its employment opportunities, and has reaped benefits in job and population growth.
Laredo is an extremely economical place to call home. The average cost of a home in Laredo is $109,500, or $61,000 less than the average throughout the rest of the country. Renters can expect to pay around $637 a month for a one-bedroom apartment, well under the national average of $765 a month. Grocery costs are even 10 percent lower than the national average.
Laredo Job Opportunities
Laredo's economy is strong due to its diversity. The North American Free Trade Agreement paved the way for dozens of import/export businesses and twin manufacturing facilities built in conjunction with Mexican operations. In addition to those Laredo, TX jobs, the city is a retail mecca that attracts shoppers from both countries. Retail jobs are plentiful. It also boasts three hospitals and multiple financial institutions.
The economy is stable, due in part to a number of Laredo jobs in the public sector. Here education and government organizations lead the top employers. The Laredo Sector Border Patrol and the U.S. Customs and Border Protection Custom Field Office are some of the largest employers. These opportunities for jobs in Laredo, TX will continue to grow.
A little over an hour away is Alice, Texas, nicknamed "The Hub City" because of its proximity to many major Texas towns. Unlike Laredo's diversified economy, Alice's economy is heavily based in oil, and although job growth has not been what it is in Laredo, there are still many jobs in Alice.
Laredo Employment Trends
Laredo jobs are offered in multiple industries and have experienced slightly higher than average job growth over the past few years. Large retail chains continue to be among the top employers, and the import/export business is strong. There are many opportunities in transportation and healthcare as well.
While there are a number of jobs in Laredo, the largest areas of recent growth have been in the construction and hospitality industries.