Detroit, MI vs Waco, TX
Cost of Living Comparison
Waco, TX is more affordable by 7.7 index points
Side-by-Side Comparison
| Category | Detroit, MI | Waco, TX | Difference |
|---|---|---|---|
| Overall | 100.3 | 92.5 | +7.7 |
| Housing | 94.7 | 83.5 | +11.2 |
| Goods | 98.8 | 93.8 | +5.1 |
| Utilities | 107.0 | 81.0 | +26.0 |
| Other Services | 102.6 | 96.2 | +6.4 |
Income & Housing Comparison
| Metric | Detroit, MI | Waco, TX |
|---|---|---|
| Median Household Income | $72,456 | $59,193 |
| Median Home Value | $223,800 | $190,100 |
| Median Monthly Rent | $1,112 | $1,042 |
| Per Capita Income | $40,536 | $30,923 |
Frequently Asked Questions
Is Detroit, MI or Waco, TX cheaper to live in?
Waco, TX is more affordable. The cost of living difference is 7.7 index points (Detroit, MI: 100.3, Waco, TX: 92.5).
Where is housing cheaper, Detroit, MI or Waco, TX?
Housing is more affordable in Waco, TX. Housing index: Detroit, MI (94.7) vs Waco, TX (83.5).