Farmington, NM vs Waco, TX
Cost of Living Comparison
Farmington, NM is more affordable by 4.8 index points
Side-by-Side Comparison
| Category | Farmington, NM | Waco, TX | Difference |
|---|---|---|---|
| Overall | 87.7 | 92.5 | -4.8 |
| Housing | 56.6 | 83.5 | -27.0 |
| Goods | 96.1 | 93.8 | +2.4 |
| Utilities | 77.9 | 81.0 | -3.1 |
| Other Services | 98.5 | 96.2 | +2.3 |
Income & Housing Comparison
| Metric | Farmington, NM | Waco, TX |
|---|---|---|
| Median Household Income | $50,734 | $59,193 |
| Median Home Value | $170,700 | $190,100 |
| Median Monthly Rent | $894 | $1,042 |
| Per Capita Income | $25,008 | $30,923 |
Frequently Asked Questions
Is Farmington, NM or Waco, TX cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 4.8 index points (Farmington, NM: 87.7, Waco, TX: 92.5).
Where is housing cheaper, Farmington, NM or Waco, TX?
Housing is more affordable in Farmington, NM. Housing index: Farmington, NM (56.6) vs Waco, TX (83.5).