Cost of Living: Waco, TX vs Austin, TX
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Waco, TX versus $4,516/mo in Austin, TX. In the model, rent is about 15.99% of gross in Waco, TX versus 24.12% in Austin, TX, so Waco, TX tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waco, TX and Austin, TX.
At a glance
- Cheaper overall (lower cost-of-living index): Waco, TX
- Lower rent (median 1BR/2BR): Waco, TX
- Lower home prices: Waco, TX
- Higher median household income: Austin, TX
Cost of Living Index
Waco, TX: 100 (U.S. = 100) · Austin, TX: 112.7 (U.S. = 100)
Waco, TX has a lower cost-of-living index than Austin, TX, so a given salary generally stretches further there.
Median Rent
Waco, TX: $1,043/mo (midpoint of 1BR/2BR) · Austin, TX: $1,573/mo
Median rent in Austin, TX is $530/mo higher than in Waco, TX.
Median Home Price
Waco, TX: $199,600 · Austin, TX: $512,700
Median home price in Austin, TX is $313,100 higher than in Waco, TX.
Median Household Income
Waco, TX: $51,468 · Austin, TX: $91,461
Austin, TX has a higher median household income than Waco, TX by $39,993.
Waco, TX overview · Austin, TX overview · Popular comparisons