Cost of Living: Waco, TX vs El Paso, 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 El Paso, TX. In the model, rent is about 15.99% of gross in Waco, TX versus 15.17% in El Paso, TX, so El Paso, TX tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waco, TX and El Paso, TX.
At a glance
- Cheaper overall (lower cost-of-living index): El Paso, TX
- Lower rent (median 1BR/2BR): El Paso, TX
- Lower home prices: El Paso, TX
- Higher median household income: El Paso, TX
Cost of Living Index
Waco, TX: 100 (U.S. = 100) · El Paso, TX: 85.2 (U.S. = 100)
El Paso, TX has a lower cost-of-living index than Waco, TX, so a given salary generally stretches further there.
Median Rent
Waco, TX: $1,043/mo (midpoint of 1BR/2BR) · El Paso, TX: $989/mo
Median rent in Waco, TX is $54/mo higher than in El Paso, TX.
Median Home Price
Waco, TX: $199,600 · El Paso, TX: $171,700
Median home price in Waco, TX is $27,900 higher than in El Paso, TX.
Median Household Income
Waco, TX: $51,468 · El Paso, TX: $58,734
El Paso, TX has a higher median household income than Waco, TX by $7,266.
Waco, TX overview · El Paso, TX overview · Popular comparisons