Mclennan County · Texas · South · 144k residents
Waco, TX: economy, jobs & business costs
The site-selection read on Waco: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,217/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Waco side by side
Avg. weekly wage
$1,217/wk
Corporate income tax
0%
Bachelor's degree or higher
28.7%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Waco's economy is moving, ranked against the US cities we track.
62/100
Steady
Ranks Waco's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $221,700 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $954/mo |
| 2-bedroom rent | $1,193/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,217/wk |
| Bachelor's degree or higher | 28.7% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 22.0/1k |
| Wage: Software developer | $123,080 |
| Wage: Registered nurse | $92,890 |
| Wage: General manager | $92,990 |
| Wage: Customer service | $38,810 |
| Wage: Warehouse worker | $37,500 |
| Wage: Heavy truck driver | $48,780 |
| Wage: Electrician | $48,880 |
| Wage: Retail salesperson | $29,810 |
| Cost of living index | 86 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $54,365 |
| Unemployment rate | 4% |
| Population | 144k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 91/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 95°F |
| January low | 36°F |
| Annual snowfall | 0 in |
| Home price YoY | -2.3% |
| Home price MoM | -0.3% |
| Rent YoY | +0.8% |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | +0.2% |
| Building permits YoY | +58.7% |
| Ocean coast | 207 mi |
| Big lake | 91 mi |
| Mountains | 278 mi |
| Major airport | 91 mi |
| Ski resort | 521 mi |
Popular comparisons
Nearby
- Hewitt, TX · 16k
- Temple, TX · 90k
- Gatesville, TX · 16k
- Belton, TX · 24k
- Harker Heights, TX · 34k
Similar size
- McAllen, TX · 145k
- Mesquite, TX · 149k
- Pasadena, TX · 149k
- Midland, TX · 137k
- Denton, TX · 153k
Real listings in Waco
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Waco a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,217/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Waco, TX?
- Waco indexes at 86 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,193/mo and a acs median home value of $221,700.
- How much does a house cost in Waco?
- The acs median home value in Waco is $221,700 (Census ACS estimate; individual listings vary).
- How much is rent in Waco?
- A two-bedroom in Waco rents for about $1,193/mo.