Irving, TX vs Waco, TX

There is a significant gap in the cost of living between these two cities. Waco is 29.3% cheaper than Irving. With a cost index of 82 vs 105, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waco to Irving should plan for substantially higher expenses across most categories.

On the housing front, median rent in Irving is $1,517/month compared to $1,098/month in Waco — a 38% difference. Home values follow the same pattern: Waco is more affordable at $199,600 median vs $287,300.

Median household income in Irving is $79,641 compared to $51,468 in Waco (+54.7%). While Irving is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Irving spend roughly 22.9% of their income on rent, less than the 25.6% in Waco.