Cost of Living: Waco, TX vs Waterbury, CT (2026)

Waco

Texas
72
VS

Waterbury

Connecticut
76

Waco is 5% cheaper than Waterbury.

$1,098/mo ↓ 7%
Median Rent
$1,180/mo ↑ 7%
$51,468/yr ≈ Same
Median Income
$51,642/yr ≈ Same
$199,600 ↑ 8%
Home Value
$185,400 ↓ 7%
$1,094/mo ↓ 14%
Owner Costs
$1,273/mo ↑ 16%
141,925
Population
114,356

Tax Comparison

0%
Income Tax
6.99%
6.25%
State Sales Tax
6.35%
1.6%
Property Tax
2.15%

Affordability

25.6%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Waco, TX and Waterbury, CT, the overall cost of living indices are 72 and 76 respectively (national median = 100). Rent is $82/month cheaper in Waco, saving renters about $984/year.

Median household income is $174/year higher in Waterbury. Home values also differ significantly — the median in Waco is $199,600 compared to $185,400 in Waterbury.

Texas has no state income tax, giving Waco residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

Waco vs Waterbury — common questions

Is Waco or Waterbury cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 76 (US average = 100).
What is the rent difference between Waco and Waterbury?
Median rent in Waco is $1,098/month and in Waterbury it's $1,180/month — a difference of $82/month.
Which city has higher income, Waco or Waterbury?
Median household income is $51,468 in Waco and $51,642 in Waterbury. Median household income is $174/year higher in Waterbury.
How do taxes compare between Texas and Connecticut?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Waco or Waterbury?
It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Waco details → View Waterbury details →

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