Waco, Texas (76708) is a vibrant city in Central Texas, located between Dallas and Austin. It offers an array of opportunities for those looking to work and live in the area, with its affordable housing and abundant local businesses. The average 2-bedroom rent in Waco is $1,000 per month – a fraction of the US average ($1,430), making it a great choice for budget-minded home seekers. Additionally, the Grocery Cost Index in Waco is 91 versus 100 in the US—making even everyday expenses more affordable. Businesses in the area include Magnolia Market at the Silos, Baylor University’s campus, Dr. Pepper Museum & Free Enterprise Institute, Mammoth National Monument and Balcones Distilling Co., among many others.
Waco (zip 76708) has an unemployment rate of 6.6%. The US average is 6.0%.
Waco (zip 76708) has seen the job market decrease by -2.0% 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 76708)
- The Sales Tax Rate for Waco (zip 76708) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Waco (zip 76708) 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 76708)
- The average income of a Waco (zip 76708) resident is $27,270 a year. The US average is $37,638 a year.
- The Median household income of a Waco (zip 76708) resident is $57,349 a year. The US average is $69,021 a year.