Springfield, MO vs Waco, TX: 60 vs 72

$920/mo ↓ 16%

Median Rent

$1,098/mo ↑ 19%

$45,984/yr ↓ 11%

Median Income

$51,468/yr ↑ 12%

$165,200 ↓ 17%

Home Value

$199,600 ↑ 21%

$908/mo ↓ 17%

Owner Costs

$1,094/mo ↑ 20%

169,432

Population

141,925

Detailed Comparison

When comparing Springfield, MO and Waco, TX, the overall cost of living indices are 60 and 72 respectively (national median = 100). Rent is $178/month cheaper in Springfield, saving renters about $2,136/year.

Median household income is $5,484/year higher in Waco. Home values also differ significantly — the median in Springfield is $165,200 compared to $199,600 in Waco.

Texas has no state income tax, giving Waco residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Springfield vs Waco — common questions

Is Springfield or Waco cheaper to live in?

Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 72 (US average = 100).

What is the rent difference between Springfield and Waco?

Median rent in Springfield is $920/month and in Waco it's $1,098/month — a difference of $178/month.

Which city has higher income, Springfield or Waco?

Median household income is $45,984 in Springfield and $51,468 in Waco. Median household income is $5,484/year higher in Waco.

How do taxes compare between Missouri and Texas?

Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Springfield or Waco?

It depends on your priorities. Springfield has a cost index of 60 with median rent of $920/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: Springfield, MO vs Waco, TX (2026)

Springfield

Waco

Tax Comparison

Affordability

Detailed Comparison

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