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.
&cropxunits=300&cropyunits=224&width=350&quality=80)
- 1-2 Beds
- 1-2 Baths
- 684 - 1,331 Sq.Ft.
LUXE AT 1300
1300 Placid Circle, Waco, TX 76706
- Studio-3 Beds
- 1-3 Baths
- 400 - 1,596 Sq.Ft.
The Edmond
5817 Edmond Avenue, Waco, TX 76710
- 1-3 Beds
- 1-2 Baths
- 744 - 1,169 Sq.Ft.
Abbey Glenn Apartments
700 S 4Th St, Waco, TX 76706&cropxunits=300&cropyunits=197&width=350&quality=80)
&cropxunits=300&cropyunits=169&width=350&quality=80)
Utilities (Monthly)
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
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.
Healthcare
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
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.
Income
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.