El Paso, TX vs Waco, TX: 67 vs 72

$1,041/mo ↓ 5%

Median Rent

$1,098/mo ↑ 5%

$58,734/yr ↑ 14%

Median Income

$51,468/yr ↓ 12%

$171,700 ↓ 14%

Home Value

$199,600 ↑ 16%

$1,044/mo ↓ 5%

Owner Costs

$1,094/mo ↑ 5%

678,147

Population

141,925

Detailed Comparison

When comparing El Paso, TX and Waco, TX, the overall cost of living indices are 67 and 72 respectively (national median = 100). Rent is $57/month cheaper in El Paso, saving renters about $684/year.

Median household income is $7,266/year higher in El Paso. Home values also differ significantly — the median in El Paso is $171,700 compared to $199,600 in Waco.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

El Paso vs Waco — common questions

Is El Paso or Waco cheaper to live in?

Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 72 (US average = 100).

What is the rent difference between El Paso and Waco?

Median rent in El Paso is $1,041/month and in Waco it's $1,098/month — a difference of $57/month.

Which city has higher income, El Paso or Waco?

Median household income is $58,734 in El Paso and $51,468 in Waco. Median household income is $7,266/year higher in El Paso.

How do taxes compare between Texas and Texas?

Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to El Paso or Waco?

It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/mo, while Waco has a cost index of 72 with rent of $1,098/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: El Paso, TX vs Waco, TX (2026)

El Paso

Waco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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