Cost of Living in Waco, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.7
100 = national avg
-28.3 vs national average
Living Wage (1 Adult)
$31,560
per year
Living Wage (Family of 4)
$74,596
per year
Cost Index by Category
Housing86.4
Food73.9
Transportation47.8
Healthcare79.1
Utilities81.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$763
per month
2 Bedroom
$925
per month
The overall cost of living index in Waco is 71.7, which is 28.3% below the national average. Housing costs are below the national average at an index of 86.4. A single adult needs to earn approximately $31,560 per year to cover basic expenses.