Waco is located in Texas and has an overall cost of living that is -10% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Waco.

Housing: Median rent in Waco is $1,294 / month, and the median home price is $431,040. Housing costs are -19% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($3.77), milk ($4.37), and eggs ($4.31) reflect the local grocery landscape. Overall grocery costs are -8% vs the national average.

Healthcare: Medical costs include doctor visits ($162.44), dentist visits ($130.49), and prescription drugs ($23.52). These costs should be factored into your monthly budget when planning a move.

Texas has no state income tax, which means residents of Waco keep more of their earnings. This is especially beneficial for high-income earners and retirees.

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Waco, Texas Cost of Living FAQ

Common questions about living costs in Waco.

Waco, Texas has an overall cost of living that is -10% the national average. Housing costs are -19% vs the national average. Grocery prices are -8% vs average. Utilities are -0% vs average. This makes Waco a reasonably affordable city.

The median rent in Waco, Texas is $1,294 / month. Average energy bills run $220.35 / month. Phone bills average $196.58 / month. Housing is typically the largest expense for residents.

Healthcare costs in Waco: doctor's visit averages $162.44, dentist visit averages $130.49, prescription drugs average $23.52. Overall healthcare expenses in the area are influenced by the -8% grocery cost difference.

Waco is one of 521 cities tracked in Texas. With an overall cost -10% vs the national average, it is more affordable than many other cities in the state. Visit our Texas state page to compare all cities side-by-side and find the best fit for your budget.

Waco offers cost of living -10% compared to the national average. Key factors to consider: median home price of $431,040, rent of $1,294 / month, and no state income tax in Texas. Explore our detailed cost breakdown above to see if Waco fits your budget.