Phoenix, AZ vs Waco, TX: 109 vs 72

$1,458/mo ↑ 33%

Median Rent

$1,098/mo ↓ 25%

$77,041/yr ↑ 50%

Median Income

$51,468/yr ↓ 33%

$381,900 ↑ 91%

Home Value

$199,600 ↓ 48%

$1,430/mo ↑ 31%

Owner Costs

$1,094/mo ↓ 23%

1,624,832

Population

141,925

Detailed Comparison

When comparing Phoenix, AZ and Waco, TX, the overall cost of living indices are 109 and 72 respectively (national median = 100). Rent is $360/month cheaper in Waco, saving renters about $4,320/year.

Median household income is $25,573/year higher in Phoenix. Home values also differ significantly — the median in Phoenix is $381,900 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

Phoenix vs Waco — common questions

Is Phoenix or Waco cheaper to live in?

Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 109 (US average = 100).

What is the rent difference between Phoenix and Waco?

Median rent in Phoenix is $1,458/month and in Waco it's $1,098/month — a difference of $360/month.

Which city has higher income, Phoenix or Waco?

Median household income is $77,041 in Phoenix and $51,468 in Waco. Median household income is $25,573/year higher in Phoenix.

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 Phoenix or Waco?

It depends on your priorities. Phoenix has a cost index of 109 with median rent of $1,458/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: Phoenix, AZ vs Waco, TX (2026)

Phoenix

Waco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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