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Cost & Benefits

Cost of living in Waco, Texas

Simple answer

Typical rent is $1,165 a month.

Waco is a city in Texas. That rent number includes utilities. A typical household earns $54,365 a year.

Is Waco affordable?See benefits in Waco
People
143,570
Census average, 2020–2024
Typical rent
$1,165
Median gross rent, includes utilities
Typical pay
$54,365
Median household income, yearly
Typical home
$221,700
Median home value
2-bedroom fair rent
$1,297
Waco, TX HUD Metro FMR Area

Waco, Texas has about 143,570 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $221,700.

HUD's fair-market rent for a 2-bedroom in McLennan County is $1,297 a month. That is the county number, not an apartment listing in Waco. It runs from October 2026 through September 2027.

In the Waco, TX metro area, prices sit at 92.5 when the U.S. average is 100. That is a 2024 BEA index.

Texas does not tax wages. A typical combined sales tax is 8.2% as of January 1, 2026. That mix is statewide, not Waco's exact store tax.

In July 2026, a typical Texas home paid 15.88¢ per kilowatt-hour. That is a state average from EIA, not Waco's bill.

In 2025, all-grades gas in Texas averaged $2.76 a gallon. EIA prints this yearly price for only some states.

Among 885 places we list in Texas with a rent figure, 414 have higher typical rent than Waco.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near WacoWhat EBT can buy in Texas

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Texas

Bigger places in Texas

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.