Waco, TX
Population 141,925 · Texas
About Waco, TX
Waco is a major city in Texas with a population of 141,925 residents. The median household income is $51,468 per year, which is near the national average. The median age in Waco is 29.2 years.
Housing in Waco has a median home value of $199,600 and median monthly rent of $1,098. Of the 60,256 total housing units, renting is more common than owning, with 25,913 owner-occupied and 27,067 renter-occupied units.
The unemployment rate in Waco is 4.4% and the poverty rate is 24.0%. 28.6% of residents hold a bachelor's degree or higher. The average commute time is 18.2 minutes.
How Waco Ranks in Texas
Cost of Living in Waco, TX
Compared to national averages, Waco has a median household income of $51,468 (32% below the national median of $75,149). Home values average $199,600, which is 18% below the national median. Monthly rent at $1,098 is 6% below the US average of $1,163. Within Texas, Waco's income is 29% below the state average of $72,726, and home values are 6% below the state median of $211,769.
Why Live in Waco, TX?
Waco offers affordable housing with a median home value of $199,600, below the US average of $244,900, and rent that’s lower than the national average at $1,098/month, and short commute times averaging just 18.2 minutes.
Potential considerations include median household income ($51,468) that falls below the national average. However, as a major city, Waco provides access to a wide range of amenities and services.
Waco has a population of 141,925 with a median age of 29.2 years. Compare Waco with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Waco
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| McAllen | 143,789 | $60,165 | $173,800 | Compare |
| Denton | 146,987 | $73,719 | $325,700 | Compare |
| Pasadena | 149,345 | $64,270 | $193,600 | Compare |
| Midland | 133,998 | $91,169 | $298,600 | Compare |
| Carrollton | 132,741 | $99,115 | $353,600 | Compare |
| Lewisville | 128,313 | $85,002 | $350,200 | Compare |
| Killeen | 156,144 | $58,339 | $196,000 | Compare |
| Abilene | 127,130 | $62,720 | $178,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waco
What is the population of Waco, TX?
The population of Waco, TX is 141,925 according to the latest Census data.
What is the median household income in Waco?
The median household income in Waco, TX is $51,468 per year.
What is the median home value in Waco?
The median home value in Waco, TX is $199,600.
What is the average rent in Waco?
The median monthly rent in Waco, TX is $1,098.
What is the unemployment rate in Waco?
The unemployment rate in Waco, TX is 4.4%.