Housing costs in Waco?
A typical home costs
$224,900, which is 33.5% less expensive than the national average of
$338,100 and 24.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Waco costs
$1,000 per month, which is 21.9% cheaper than the national average of
$1,280 and close to the state average of
$990.
Can I afford Waco?
To live comfortably in Waco (zip 76708), Texas, a minimum annual income of
$43,200 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Waco?
The cost of living in 76708 Waco, TX is relatively low compared to other parts of the country. According to Best Places, the cost of living index for Waco is 81.4, which is lower than the national average of 100. This means that goods and services in this area are generally 19.6% cheaper than the national average, making it an attractive option for those looking to save money on their monthly expenses. The median home price in Waco is $147,000, which is significantly lower than many other cities in the United States. The median household income in Waco is $45,014, which can make it easier for residents to get by on a modest salary and still enjoy all the city has to offer.