Waco, Texas (76704) is a great place to live for those looking for an affordable cost of living without compromising on quality. The average rent for a two-bedroom apartment in Waco is $830 which is significantly lower than the US average of $1,430. Groceries also cost less in Waco with the grocery cost index at 88 versus 100 in the US. There are many local companies that contribute to the economy including Magnolia Market, Baylor University, and L-3 Communications. In addition, there are numerous restaurants like Torchy’s Tacos and Vitek’s BBQ that provide quality food options to residents of Waco. Overall, Waco provides an ideal combination of affordability and accessibility that makes it a desirable place to live.
Waco (zip 76704) has an unemployment rate of 6.6%. The US average is 6.0%.
Waco (zip 76704) 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 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Waco (zip 76704)
- The Sales Tax Rate for Waco (zip 76704) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Waco (zip 76704) 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 (zip 76704)
- The average income of a Waco (zip 76704) resident is $11,418 a year. The US average is $28,555 a year.
- The Median household income of a Waco (zip 76704) resident is $19,338 a year. The US average is $69,021 a year.