Montgomery, AL vs Waco, TX: 64 vs 72

$1,059/mo ↓ 4%

Median Rent

$1,098/mo ↑ 4%

$55,687/yr ↑ 8%

Median Income

$51,468/yr ↓ 8%

$148,500 ↓ 26%

Home Value

$199,600 ↑ 34%

$1,023/mo ↓ 6%

Owner Costs

$1,094/mo ↑ 7%

198,440

Population

141,925

Detailed Comparison

When comparing Montgomery, AL and Waco, TX, the overall cost of living indices are 64 and 72 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $4,219/year higher in Montgomery. Home values also differ significantly — the median in Montgomery is $148,500 compared to $199,600 in Waco.

Texas has no state income tax, giving Waco residents a significant tax advantage over Alabama's 5.0% rate.

Frequently Asked Questions

Montgomery vs Waco — common questions

Is Montgomery or Waco cheaper to live in?

Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 72 (US average = 100).

What is the rent difference between Montgomery and Waco?

Median rent in Montgomery is $1,059/month and in Waco it's $1,098/month — a difference of $39/month.

Which city has higher income, Montgomery or Waco?

Median household income is $55,687 in Montgomery and $51,468 in Waco. Median household income is $4,219/year higher in Montgomery.

How do taxes compare between Alabama and Texas?

Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Montgomery or Waco?

It depends on your priorities. Montgomery has a cost index of 64 with median rent of $1,059/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: Montgomery, AL vs Waco, TX (2026)

Montgomery

Waco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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