Cost of Living: Grand Prairie, TX vs Waco, TX (2026)

Grand Prairie

Texas
98
VS

Waco

Texas
72

Grand Prairie is 36% more expensive than Waco.

$1,470/mo ↑ 34%
Median Rent
$1,098/mo ↓ 25%
$78,889/yr ↑ 53%
Median Income
$51,468/yr ↓ 35%
$272,200 ↑ 36%
Home Value
$199,600 ↓ 27%
$1,480/mo ↑ 35%
Owner Costs
$1,094/mo ↓ 26%
198,564
Population
141,925

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

22.4%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Grand Prairie, TX and Waco, TX, the overall cost of living indices are 98 and 72 respectively (national median = 100). Rent is $372/month cheaper in Waco, saving renters about $4,464/year.

Median household income is $27,421/year higher in Grand Prairie. Home values also differ significantly — the median in Grand Prairie is $272,200 compared to $199,600 in Waco.

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

Frequently Asked Questions

Grand Prairie vs Waco — common questions

Is Grand Prairie or Waco cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 98 (US average = 100).
What is the rent difference between Grand Prairie and Waco?
Median rent in Grand Prairie is $1,470/month and in Waco it's $1,098/month — a difference of $372/month.
Which city has higher income, Grand Prairie or Waco?
Median household income is $78,889 in Grand Prairie and $51,468 in Waco. Median household income is $27,421/year higher in Grand Prairie.
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 Grand Prairie or Waco?
It depends on your priorities. Grand Prairie has a cost index of 98 with median rent of $1,470/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.
View Grand Prairie details → View Waco details →

More Comparisons

Other cost of living comparisons for Grand Prairie and Waco

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