Cost of Living: Waco, TX vs Lewisville, TX (2026)

Waco

Texas
72
VS

Lewisville

Texas
112

Waco is 40% cheaper than Lewisville.

$1,098/mo ↓ 30%
Median Rent
$1,572/mo ↑ 43%
$51,468/yr ↓ 39%
Median Income
$85,002/yr ↑ 65%
$199,600 ↓ 43%
Home Value
$350,200 ↑ 75%
$1,094/mo ↓ 33%
Owner Costs
$1,631/mo ↑ 49%
141,925
Population
128,313

Tax Comparison

0%
Income Tax
0%
6.25%
Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

25.6%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Waco, TX and Lewisville, TX, the overall cost of living indices are 72 and 112 respectively (national median = 100). Rent is $474/month cheaper in Waco, saving renters about $5,688/year.

Median household income is $33,534/year higher in Lewisville. Home values also differ significantly — the median in Waco is $199,600 compared to $350,200 in Lewisville.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Waco vs Lewisville — common questions

Is Waco or Lewisville cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 112 (US average = 100).
What is the rent difference between Waco and Lewisville?
Median rent in Waco is $1,098/month and in Lewisville it's $1,572/month — a difference of $474/month.
Which city has higher income, Waco or Lewisville?
Median household income is $51,468 in Waco and $85,002 in Lewisville. Median household income is $33,534/year higher in Lewisville.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Waco or Lewisville?
It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/mo, while Lewisville has a cost index of 112 with rent of $1,572/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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