Cost of Living in Waco, TX
Waco has a cost of living index of 82 (100 = national average), making it significantly more affordable than the national average. The median household income is $39,823 and the median home price is $195,000.
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Waco at a Glance
Population
142,484
Cost of Living Index
82
Median Income
$39,823
Median Home Price
$195,000
Property Tax Rate
1.95%
Sales Tax Rate
8.25%
Rent Index
68
State
Texas
Living in Waco
Waco offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $195,000 is well within reach for many families.
The combined sales tax rate in Waco is 8.25%, and the effective property tax rate is 1.95%. Property taxes are above the national average, which is an important consideration for homebuyers.