Waco, TX Metro Area is a great place to live and work with plenty of opportunities for growth. The cost of 2 bedroom rent is significantly lower than the US average at $990 compared to $1,430. The grocery cost index is also relatively low in this area at 93 compared to 100 in the US. Plus, there are many local companies in the area offering jobs and career opportunities such as McLane Company, Balcones Resources, Provisions Group, TST Impressions, and Empowerment Express. With all these factors Waco continues to be an attractive location for people from all walks of life.
Waco Metro Area has an unemployment rate of 6.1%. The US average is 6.0%.
Waco Metro Area 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 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Waco Metro Area
- The Sales Tax Rate for Waco Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Waco Metro Area 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 Metro Area
- The average income of a Waco Metro Area resident is $21,504 a year. The US average is $28,555 a year.
- The Median household income of a Waco Metro Area resident is $52,836 a year. The US average is $69,021 a year.