Waco, TX vs Miami Gardens, FL: 72 vs 115

$1,098/mo ↓ 36%

Median Rent

$1,709/mo ↑ 56%

$51,468/yr ↓ 16%

Median Income

$60,979/yr ↑ 18%

$199,600 ↓ 41%

Home Value

$337,200 ↑ 69%

$1,094/mo ↓ 33%

Owner Costs

$1,640/mo ↑ 50%

141,925

Population

111,264

Detailed Comparison

When comparing Waco, TX and Miami Gardens, FL, the overall cost of living indices are 72 and 115 respectively (national median = 100). Rent is $611/month cheaper in Waco, saving renters about $7,332/year.

Median household income is $9,511/year higher in Miami Gardens. Home values also differ significantly — the median in Waco is $199,600 compared to $337,200 in Miami Gardens.

Frequently Asked Questions

Waco vs Miami Gardens — common questions

Is Waco or Miami Gardens cheaper to live in?

Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 115 (US average = 100).

What is the rent difference between Waco and Miami Gardens?

Median rent in Waco is $1,098/month and in Miami Gardens it's $1,709/month — a difference of $611/month.

Which city has higher income, Waco or Miami Gardens?

Median household income is $51,468 in Waco and $60,979 in Miami Gardens. Median household income is $9,511/year higher in Miami Gardens.

How do taxes compare between Texas and Florida?

Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.

Should I move to Waco or Miami Gardens?

It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/mo, while Miami Gardens has a cost index of 115 with rent of $1,709/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Waco, TX vs Miami Gardens, FL (2026)

Waco

Miami Gardens

Tax Comparison

Affordability

Detailed Comparison

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