Cost of Living in Waco, TX
|Cost of Living in Waco, TX||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||13% lower||26% lower|
|Utilities (Monthly)||2% higher||5% higher|
|Food||13% lower||21% lower|
|Healthcare||3% lower||8% lower|
|Transportation||1% lower||10% lower|
|Goods & Services||4% higher||0%|
The cost of living in Waco, TX is 4% lower than the state average and 11% lower than the national average. Waco, TX housing is 26% cheaper than the U.S average, while utilities are about 5% pricier. When it comes to basic necessities such as food and clothing, groceries are around 0% in Waco, TX than in the rest of the country, while clothing costs around 0% .
Healthcare services such as doctor check-ups and dentistry cost 8% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 0% in Waco, TX.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Waco is $1,230, while home prices circle around $266,148.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Waco, energy bills cost around $184.30 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $1.57 in Waco, a dozen eggs go for around $1.05 and a pound of potatoes circles around $2.24.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Waco, an optometry check-up costs around $93.52, while a dentist appointment is priced $96.52 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $1.98 in Waco, while getting your tires balanced will run you about $51.40.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $39.87 here. Meanwhile, a pair of women's slacks will set you back around $45.80.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Waco, you should budget around $7.63 a month. When it comes to personal services, a haircut usually goes for $16.99, while dry cleaning costs about $12.06.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Waco, the median household income is $40,349.