McAllen, TX vs Waco, TX: 66 vs 72

$1,017/mo ↓ 7%

Median Rent

$1,098/mo ↑ 8%

$60,165/yr ↑ 17%

Median Income

$51,468/yr ↓ 14%

$173,800 ↓ 13%

Home Value

$199,600 ↑ 15%

$996/mo ↓ 9%

Owner Costs

$1,094/mo ↑ 10%

143,789

Population

141,925

Detailed Comparison

When comparing McAllen, TX and Waco, TX, the overall cost of living indices are 66 and 72 respectively (national median = 100). Rent is $81/month cheaper in McAllen, saving renters about $972/year.

Median household income is $8,697/year higher in McAllen. Home values also differ significantly — the median in McAllen is $173,800 compared to $199,600 in Waco.

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

Frequently Asked Questions

McAllen vs Waco — common questions

Is McAllen or Waco cheaper to live in?

Based on our cost index, McAllen is cheaper to live in with an index of 66 compared to 72 (US average = 100).

What is the rent difference between McAllen and Waco?

Median rent in McAllen is $1,017/month and in Waco it's $1,098/month — a difference of $81/month.

Which city has higher income, McAllen or Waco?

Median household income is $60,165 in McAllen and $51,468 in Waco. Median household income is $8,697/year higher in McAllen.

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 McAllen or Waco?

It depends on your priorities. McAllen has a cost index of 66 with median rent of $1,017/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: McAllen, TX vs Waco, TX (2026)

McAllen

Waco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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