Waco, TX vs Palm Bay, FL: 72 vs 91

$1,098/mo ↓ 26%

Median Rent

$1,487/mo ↑ 35%

$51,468/yr ↓ 24%

Median Income

$67,521/yr ↑ 31%

$199,600 ↓ 20%

Home Value

$248,000 ↑ 24%

$1,094/mo ↓ 9%

Owner Costs

$1,203/mo ↑ 10%

141,925

Population

125,273

Detailed Comparison

When comparing Waco, TX and Palm Bay, FL, the overall cost of living indices are 72 and 91 respectively (national median = 100). Rent is $389/month cheaper in Waco, saving renters about $4,668/year.

Median household income is $16,053/year higher in Palm Bay. Home values also differ significantly — the median in Waco is $199,600 compared to $248,000 in Palm Bay.

Frequently Asked Questions

Waco vs Palm Bay — common questions

Is Waco or Palm Bay cheaper to live in?

Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 91 (US average = 100).

What is the rent difference between Waco and Palm Bay?

Median rent in Waco is $1,098/month and in Palm Bay it's $1,487/month — a difference of $389/month.

Which city has higher income, Waco or Palm Bay?

Median household income is $51,468 in Waco and $67,521 in Palm Bay. Median household income is $16,053/year higher in Palm Bay.

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 Palm Bay?

It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Waco, TX vs Palm Bay, FL (2026)

Waco

Palm Bay

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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