Cost of Living: Peoria, AZ vs Waco, TX (2026)

Peoria

Arizona
125
VS

Waco

Texas
72

Peoria is 74% more expensive than Waco.

$1,743/mo ↑ 59%
Median Rent
$1,098/mo ↓ 37%
$93,403/yr ↑ 81%
Median Income
$51,468/yr ↓ 45%
$429,400 ↑ 115%
Home Value
$199,600 ↓ 54%
$1,589/mo ↑ 45%
Owner Costs
$1,094/mo ↓ 31%
194,338
Population
141,925

Tax Comparison

2.5%
Income Tax
0%
5.6%
State Sales Tax
6.25%
0.62%
Property Tax
1.6%

Affordability

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

Detailed Comparison

When comparing Peoria, AZ and Waco, TX, the overall cost of living indices are 125 and 72 respectively (national median = 100). Rent is $645/month cheaper in Waco, saving renters about $7,740/year.

Median household income is $41,935/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $199,600 in Waco.

Texas has no state income tax, giving Waco residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Peoria vs Waco — common questions

Is Peoria or Waco cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 125 (US average = 100).
What is the rent difference between Peoria and Waco?
Median rent in Peoria is $1,743/month and in Waco it's $1,098/month — a difference of $645/month.
Which city has higher income, Peoria or Waco?
Median household income is $93,403 in Peoria and $51,468 in Waco. Median household income is $41,935/year higher in Peoria.
How do taxes compare between Arizona and Texas?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Peoria or Waco?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/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 Peoria details → View Waco details →

More Comparisons

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