Waco is 10% cheaper than Columbia.
When comparing Waco, TX and Columbia, SC, the overall cost of living indices are 72 and 80 respectively (national median = 100). Rent is $60/month cheaper in Waco, saving renters about $720/year.
Median household income is $4,185/year higher in Columbia. Home values also differ significantly — the median in Waco is $199,600 compared to $243,500 in Columbia.
Texas has no state income tax, giving Waco residents a significant tax advantage over South Carolina's 6.4% rate.
Waco vs Columbia — common questions
Other cost of living comparisons for Waco and Columbia