Waco, MO is a great place to live if you are looking for affordability. The average two bedroom rent is $1,030 which is much lower than the US average of $1,430. Additionally, the cost of groceries in Waco is only 95 compared to 100 in the rest of the US. The area has a variety of companies and attractions that make living there enjoyable. For instance, there are multiple banks such as First Bank and Commerce Bank as well as retailers like Walmart and Sam's Club. There are also many restaurants around town such as Chili's Grill & Bar and Applebee's Neighborhood Grill & Bar. Attractions include Waco Lake and Cameron Park Zoo which are great places to spend time outdoors with family and friends.
Waco has an unemployment rate of 3.9%. The US average is 6.0%.
Waco has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Waco
- The Sales Tax Rate for Waco is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Waco is 5.9%. 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 $15,405 a year. The US average is $28,555 a year.
- The Median household income of a Waco resident is $51,250 a year. The US average is $69,021 a year.