Miami, FL vs Waco, TX: 129 vs 72

$1,657/mo ↑ 51%

Median Rent

$1,098/mo ↓ 34%

$59,390/yr ↑ 15%

Median Income

$51,468/yr ↓ 13%

$475,200 ↑ 138%

Home Value

$199,600 ↓ 58%

$1,666/mo ↑ 52%

Owner Costs

$1,094/mo ↓ 34%

446,663

Population

141,925

Detailed Comparison

When comparing Miami, FL and Waco, TX, the overall cost of living indices are 129 and 72 respectively (national median = 100). Rent is $559/month cheaper in Waco, saving renters about $6,708/year.

Median household income is $7,922/year higher in Miami. Home values also differ significantly — the median in Miami is $475,200 compared to $199,600 in Waco.

Frequently Asked Questions

Miami vs Waco — common questions

Is Miami or Waco cheaper to live in?

Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 129 (US average = 100).

What is the rent difference between Miami and Waco?

Median rent in Miami is $1,657/month and in Waco it's $1,098/month — a difference of $559/month.

Which city has higher income, Miami or Waco?

Median household income is $59,390 in Miami and $51,468 in Waco. Median household income is $7,922/year higher in Miami.

How do taxes compare between Florida and Texas?

Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Miami or Waco?

It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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: Miami, FL vs Waco, TX (2026)

Miami

Waco

Tax Comparison

Affordability

Detailed Comparison

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