Waco is 57% cheaper than Downey.
When comparing Waco, TX and Downey, CA, the overall cost of living indices are 72 and 169 respectively (national median = 100). Rent is $794/month cheaper in Waco, saving renters about $9,528/year.
Median household income is $35,932/year higher in Downey. Home values also differ significantly — the median in Waco is $199,600 compared to $728,500 in Downey.
Texas has no state income tax, giving Waco residents a significant tax advantage over California's 13.3% rate.
Waco vs Downey — common questions
Other cost of living comparisons for Waco and Downey