Cost of Living: Waco, TX vs Warren, MI (2026)

Waco

Texas
72
VS

Warren

Michigan
73

Waco and Warren have a similar cost of living.

$1,098/mo ↓ 7%
Median Rent
$1,184/mo ↑ 8%
$51,468/yr ↓ 19%
Median Income
$63,741/yr ↑ 24%
$199,600 ↑ 10%
Home Value
$181,900 ↓ 9%
$1,094/mo ≈ Same
Owner Costs
$1,098/mo ≈ Same
141,925
Population
138,128

Tax Comparison

0%
Income Tax
4.25%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
1.38%

Affordability

25.6%
rent-to-income
Affordability
22.3%
rent-to-income

Detailed Comparison

When comparing Waco, TX and Warren, MI, the overall cost of living indices are 72 and 73 respectively (national median = 100). Rent is $86/month cheaper in Waco, saving renters about $1,032/year.

Median household income is $12,273/year higher in Warren. Home values also differ significantly — the median in Waco is $199,600 compared to $181,900 in Warren.

Texas has no state income tax, giving Waco residents a significant tax advantage over Michigan's 4.25% rate.

Frequently Asked Questions

Waco vs Warren — common questions

Is Waco or Warren cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 73 (US average = 100).
What is the rent difference between Waco and Warren?
Median rent in Waco is $1,098/month and in Warren it's $1,184/month — a difference of $86/month.
Which city has higher income, Waco or Warren?
Median household income is $51,468 in Waco and $63,741 in Warren. Median household income is $12,273/year higher in Warren.
How do taxes compare between Texas and Michigan?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax.
Should I move to Waco or Warren?
It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/mo, while Warren has a cost index of 73 with rent of $1,184/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Waco details → View Warren details →

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