Pros and Cons of Living In Waco, Texas. Is Waco, TX a Nice Place To Live or Retire?

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Waco, Texas

Moving to Waco In Texas ? Is Waco, TX a Nice Place To Live? Pros and Cons of Living in Waco, Texas. Find out the best and worst about to live, raise a family or retire in Waco.

Waco ( WAY-koh) is a city in and the county seat of McLennan County, Texas, United States. It is situated along the Brazos River and I-35, halfway between Dallas and Austin. The city had a U.S. census estimated 2023 population of 144,816, making it the 24th-most populous city in the state. The Waco metropolitan statistical area consists of McLennan, Falls and Bosque counties, which had a 2020 population of 295,782. Bosque County was added to the Waco MSA in 2023. The 2023 U.S. census population estimate for the Waco metropolitan area was 304,865 residents.

DEMOGRAPHICS

Population
137779
Unemployment
4.6%
2% NAT AVG.
Poverty
25.3%
81% NAT AVG.
Cost Of Living
86
14% NAT AVG.

ECONOMICS

Median Home Cost
$133500
42% NAT AVG.
Median Income
$40349
40% NAT AVG.
Median Rent
$879
24% NAT AVG.
Overall Score
3

CRIME REPORT

Total Crime
5759
74% NAT. AVG.
52% STATE AVG.
Violent Crime
905
66% NAT. AVG.
44% STATE AVG.
Property Crime
4854
76% NAT. AVG.
53% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 22
People Earning < $10,000
1 in 8
People Earning < $50,000
59.2%
People With Any Degree
1 in 3

ETHNICITY

Ethnicity Waco USA
White 43.7% 60.1%
African American 20.3% 12.2%
American Indian 0.2% 0.6%
Asian 2.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.7% 2.8%
Hispanic 31.8% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Waco USA
Less than $10,000 12.5% 5.8%
$10,000 to $14,999 6.7% 4.1%
$15,000 to $24,999 13.6% 8.5%
$25,000 to $34,999 12% 8.6%
$35,000 to $49,999 14.4% 12.0%
$50,000 to $74,999 14% 17.2%
$75,000 to $99,999 9.9% 12.8%
$100,000 to $149,999 9.9% 15.6%
$150,000 to $199,999 3.7% 7.1%

EDUCATION

Education Waco USA
< 9th Grade 7% 5.0%
9-12th Grade 11% 7.0%
High School or GED 27% 27.0%
Other College 22% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 16% 20.0%
Master's Degree 7% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Waco remained 4.6%, which is 2% lower than national rate.

Cost of living in Waco is 86, which is 14% lower than national average. In Waco, only 25% of adults have a bachelor's degree and 30% have some college but no degree. 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.
Waco Scorecard

Jobs60%

Housing60%

Affordability50%

Safety40%

Amenities85%

Diversity100%

Education60%

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