Cost of Living in Waco, TX
| Cost of Living in Waco, TX | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 2% lower | 19% lower |
| Utilities (Monthly) | 5% higher | 8% higher |
| Food | 1% lower | 7% lower |
| Healthcare | 3% lower | 8% lower |
| Transportation | 5% lower | 8% lower |
| Goods & Services | 3% higher | 1% lower |
The cost of living in Waco, TX is same as the state average and 7% lower than the national average. Waco, TX housing is 19% cheaper than the U.S average, while utilities are about 8% pricier. When it comes to basic necessities such as food and clothing, groceries are around 7% cheaper in Waco, TX than in the rest of the country, while clothing costs around 1% less .
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 1% cheaper in Waco, TX.
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 $1,354, while home prices circle around $394,689.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Waco, energy bills cost around $213.34 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 $4.61 in Waco, a dozen eggs go for around $3.32 and a pound of potatoes circles around $4.50.
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 $109.65, while a dentist appointment is priced $108.29 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.99 in Waco, while getting your tires balanced will run you about $59.60.
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 $52.35 here. Meanwhile, a pair of women's slacks will set you back around $50.38.
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 $9.55 a month. When it comes to personal services, a haircut usually goes for $18.61, while dry cleaning costs about $14.20.
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 $51,468.