Housing costs in Waco?
A typical home costs
$239,400, which is 29.2% less expensive than the national average of
$338,100 and 19.6% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Waco costs
$1,140 per month, which is 10.9% cheaper than the national average of
$1,280 and 13.2% more than the state average of
$990.
Can I afford Waco?
To live comfortably in Waco (zip 76701), Texas, a minimum annual income of
$45,720 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Waco?
The cost of living in 76701 Waco, TX is relatively affordable compared to other cities in the country. The median home price for the area is about $120,000, and utilities such as electricity and water are reasonably priced. Groceries also tend to be cheaper than they would be in many other places. Additionally, there is no state income tax in Texas meaning that residents have more money available to put towards their cost of living expenses. All in all, 76701 Waco is a great place to live if you're looking for an affordable city with plenty of amenities.