Cost of Living in Waco, TX
Housing
The housing market plays a significant role in determining the cost of living in Waco, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1400 per month
Considering a move to Waco, TX? With a housing index of 85.0, this city offers affordable living options compared to the national average, particularly for renters. The median home price stands at 215000, making it feasible for families looking to purchase. The average rent for a 2-bedroom apartment is currently 1350, while a 2-bedroom house averages 1400. This balance of lower housing costs, coupled with rising job opportunities in the area, may make your decision to relocate here a wise investment for the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waco, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Waco, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Waco is a financially viable option for your relocation.