Economy in Waco, Texas

Waco has an unemployment rate of 4.7%. The US average is 5.2%.

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 36.6%, which is lower than the US average of 38.0%.

Tax Rates for Waco
- The Sales Tax Rate for Waco is 8.3%. The US average is 6.0%.
- The Income Tax Rate for Waco is 0.0%. The US average is 4.6%.

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 $32,864 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYWaco, TexasUnited States
  Unemployment Rate4.7%5.2%
  Recent Job Growth0.6%1.6%
  Future Job Growth36.6%38.0%
  Sales Taxes8.3%6.0%
  Income Taxes0.0%4.6%
  Income per Cap.$18,623$28,555
  Household Income$32,864$53,482
  Family Median Income$43,219$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.6%1.3%
  Mining, quarrying, oil and gas extraction0.1%0.6%
  Construction6.3%6.2%
  Manufacturing12.4%10.4%
  Wholesale trade2.2%2.7%
  Retail trade12.7%11.6%
  Transportation and warehousing2.8%4.1%
  Utilities00
  Information1.4%2.1%
  Finance and insurance4.8%4.7%
  Real estate, rental, leasing1.7%1.9%
  Professional, scientific, technical services2.4%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs5.0%4.3%
  Educational services13.9%9.3%
  Health care and social assistance13.0%13.8%
  Arts, entertainment, recreation2.0%2.2%
  Accommodation, food services9.8%7.4%
  Other services4.7%4.9%
  Public administration0.038750.04801
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    Reviews for Waco    17 Reviews
    Janice Rounsville - 7/24/2017
    Waco is on my wish list to move to. Weather is comparable to So. California. Beautiful... Read More

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    Welcome to Waco - 10/10/2016
    Waco has much to offer regardless of age or income. Relocate to Waco. ... Read More

    Nyc to waco - 8/12/2016
    Moving from new york city to waco with a 3 year old. Any input abt the city ll be greatly... Read More


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