Housing costs in Waco?
A typical home costs
$243,500, which is 28.0% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Waco costs
$1,030 per month, which is 19.5% cheaper than the national average of
$1,280 and 3.9% more than the state average of
$990.
Can I afford Waco?
To live comfortably in Waco (zip 76706), Texas, a minimum annual income of
$46,800 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Waco?
The cost of living in Waco, TX (76706) is overall quite reasonable. Housing prices are lower than the national average; Zillow reports a median home value of $113,500 in this zip code. Utilities and groceries also tend to be cheaper than other parts of the country. According to BestPlaces, the combined cost of basic utilities for a 915 sq. ft. apartment in Waco is about $147/month, which is below the U.S. average monthly price for utilities at around $150/month or more. The overall cost of living index for Waco falls at just above the U.S. average, meaning that it’s not too bad when considering the higher-than-average salaries earned here as well.