Laredo, MO Profile: Facts & Data

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Laredo, Missouri - Basic Facts

The City of Laredo had a population of 175 as of July 1, 2023. Laredo ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Missouri. See peer rankings below.

The primary coordinate point for Laredo is located at latitude 40.0256 and longitude -93.4466 in Grundy County. The formal boundaries for the City of Laredo encompass a land area of 0.28 sq. miles and a water area of 0 sq. miles. Grundy County is in the Central time zone (GMT -6).

The City of Laredo has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Laredo is located within Township of Wilson, a minor civil division (MCD) of Grundy County.


Jump to... (On This Page!)
  1. Laredo 2023 Demographic Data
  2. Growth Rates for Laredo (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Missouri Research Tools (Easy Tools & Current Data)
  3. Missouri Data Comparison Tool - 2023 Demographics
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Laredo, MO Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 175 (100%)
Population in Households 175 (100.0%)
Population in Families 131 (74.9%)
Population in Group Quarters1 0
Population Density 636
Diversity Index2 13
 
 

INCOME

Median Household Income $41,109
Average Household Income $76,235
% of Income for Mortgage4 23%
Per Capita Income $31,365
Wealth Index5 74
Socioeconomic Status Index6 Moderate (50.1)
 

HOUSING

Total HU (Housing Units) 91 (100%)
Owner Occupied HU 66 (72.5%)
Renter Occupied HU 6 ( 6.6%)
Vacant Housing Units 19 (20.9%)
Median Home Value $159,091
Average Home Value $222,348
Housing Affordability Index3 103
 

HOUSEHOLDS

Total Households 72
Average Household Size 2.43
Family Households 51
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 3.60% -0.58%
Households 2.71% -0.56%
Families   -1.21%
Median Household Income   3.99%
Per Capita Income   3.63%
Owner Occupied HU   -1.56%

Laredo, MO - Peer Comparisons by Rank and Percentile

The table below compares Laredo to the other 1,082 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 766 29th
Population Density # 575 47th
Median Household Income # 893 18th
Housing Affordability Index # 381 35th
Per Capita Income # 529 51st
Diversity Index # 880 19th

Additional comparisons and rankings can be made with a VERY EASY TO USE Missouri Census Data Comparison Tool.

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