Cost of Living in Waco, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.5
100 = national avg
-2.5 vs national average
Living Wage (1 Adult)
$42,896
per year
Living Wage (Family of 4)
$101,390
per year
Cost Index by Category
Housing119.8
Food89.3
Transportation76.3
Healthcare91.5
Utilities97.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$996
per month
2 Bedroom
$1,240
per month
The overall cost of living index in Waco is 97.5, which is 2.5% below the national average. Housing costs are above the national average at an index of 119.8. A single adult needs to earn approximately $42,896 per year to cover basic expenses.