Waco is a city in Texas state in USA with a population of 137779 residents.. The poverty rate of Waco is 25.3%, which is 81% higher than national average. The typical household in Waco earns $40349 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Waco, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Waco remained 4.6%, which is 2% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Waco, only 25% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Waco is 86, which is 14% lower than national average. Median home value in Waco is $133500 , which is 42% lower than national average. While median income in Waco remained $40349, which is 40% lower than national average.