City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Phoenix | Waco | Difference |
|---|---|---|---|
| Median rent | $1,322/mo | $1,038/mo | 27.4% higher in A |
| Median home value | $340,200 | $174,100 | 95.4% higher in A |
| Median household income | $72,092 | $47,421 | 52.0% higher in A |
| Groceries index | 103.1 | 98.2 | 5.0% higher in A |
| Utilities index | 123.5 | 94.8 | 30.3% higher in A |
| Transportation index | 102.5 | 81.4 | 25.9% higher in A |
| Healthcare index | 101.2 | 94.2 | 7.4% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Phoenix, you'd need $82,685 in Waco to maintain your standard of living.
Climate, safety, and demographics side by side.
Waco, TX is about 17.3% cheaper overall than Phoenix, AZ, based on our cost-of-living index. Housing costs are roughly 21% lower in Waco than in Phoenix. If you earn $80,000 in Phoenix, you'd need about $66,148 in Waco to keep the same standard of living.