Cost of Living in Waco, TX
Population: 141,925 • 2026 Data
$51,468
Median Household Income
-34% vs national
$1,098
Median Monthly Rent
-19% vs national
$199,600
Median Home Value
-41% vs national
4.4%
Unemployment Rate
Housing in Waco
The median home value in Waco, TX is $199,600. Monthly rent for a typical unit averages $1,098, while total monthly housing costs (including utilities and insurance) average $1,094.
Rent-to-income ratio: 25.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Waco, TX is $51,468. The unemployment rate stands at 4.4%, with a labor force of 69,099 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.