Here's what it costs to live in Waco, Texas, based on the latest US government data. Renters pay a median of $1,165 per month, while the typical home is valued around $221,700. Households earn a median of $54,365 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 44. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$54,365
Annual · Census ACS
Median Gross Rent
$1,165
Per month · Census ACS
Median Home Value
$221,700
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$850
HUD Fair Market Rent
1BR Fair Market Rent
$996
HUD FMR
2BR Fair Market Rent
$1,240
HUD FMR
3BR Fair Market Rent
$1,599
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
143,570
Latest estimate
Median Age
29.7 yrs
Census ACS
Average AQI
44.0
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,286
Per month
Avg Home Value
$240,950
Census ACS
January Avg
48°F
July Avg
86°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Temperate · Source: NOAA/NCEI 30-year normals.
Healthcare Score
29.6
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
84.8%
What is the cost of living index for Waco?
The cost of living index for Waco is not yet available in our database.
What is the median rent in Waco?
The median gross rent in Waco is $1,165 per month according to US Census ACS data.
What is the median household income in Waco?
The median household income in Waco is $54,365 per year.
What is the median home value in Waco?
The median home value in Waco is $221,700 based on the latest Census ACS survey.
How is the air quality in Waco?
Waco has an average Air Quality Index (AQI) of 44.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Waco?
Tax data for Texas is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
