Milwaukee, WI vs Waco, TX: 67 vs 72

$1,033/mo ↓ 6%

Median Rent

$1,098/mo ↑ 6%

$51,888/yr ≈ Same

Median Income

$51,468/yr ≈ Same

$172,000 ↓ 14%

Home Value

$199,600 ↑ 16%

$1,082/mo ↓ 1%

Owner Costs

$1,094/mo ↑ 1%

569,756

Population

141,925

Detailed Comparison

When comparing Milwaukee, WI and Waco, TX, the overall cost of living indices are 67 and 72 respectively (national median = 100). Rent is $65/month cheaper in Milwaukee, saving renters about $780/year.

Median household income is $420/year higher in Milwaukee. Home values also differ significantly — the median in Milwaukee is $172,000 compared to $199,600 in Waco.

Texas has no state income tax, giving Waco residents a significant tax advantage over Wisconsin's 7.65% rate.

Frequently Asked Questions

Milwaukee vs Waco — common questions

Is Milwaukee or Waco cheaper to live in?

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

What is the rent difference between Milwaukee and Waco?

Median rent in Milwaukee is $1,033/month and in Waco it's $1,098/month — a difference of $65/month.

Which city has higher income, Milwaukee or Waco?

Median household income is $51,888 in Milwaukee and $51,468 in Waco. Median household income is $420/year higher in Milwaukee.

How do taxes compare between Wisconsin and Texas?

Wisconsin has 7.65% income tax, 5.0% sales tax, and 1.61% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Milwaukee or Waco?

It depends on your priorities. Milwaukee has a cost index of 67 with median rent of $1,033/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: Milwaukee, WI vs Waco, TX (2026)

Milwaukee

Waco

Tax Comparison

Affordability

Detailed Comparison

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