Waco, Texas is an increasingly popular destination for people looking to escape the hustle and bustle of big-city life. Its strong local economy includes companies such as Baylor University, Waco Regional Airport, Hillcrest Baptist Medical Center, Diamondback Manufacturing, and Tenet Healthcare. The city offers a great quality of life with affordable rent ($1,010 compared to the US average of $1,430) and lower grocery costs (92 compared to 100 in the US). All in all, Waco offers many benefits that make it an attractive option for potential residents and businesses alike. With its growing population and thriving economy, Waco is a great city to visit or call home.
Waco has an unemployment rate of 6.6%. The US average is 6.0%.
Waco has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Waco
- The Sales Tax Rate for Waco is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Waco is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waco
- The average income of a Waco resident is $18,623 a year. The US average is $28,555 a year.
- The Median household income of a Waco resident is $42,687 a year. The US average is $69,021 a year.