Billings vs Waco
Cost of Living Comparison · 2026
Billings
Waco
The Verdict
The cost gap between these cities is 18.1%, with Waco being the more affordable option. A $75,000 income in Billings has equivalent purchasing power to $63,520 in Waco.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Billings has the same purchasing power as $63,520 in Waco.
Conversely, $75,000 in Waco equals $88,554 in Billings.
Living in Billings vs Waco
Housing Costs
Billings's housing index of 93 is higher Waco's 63, translating to median home prices of $310,000 vs $230,000. The $80,000 difference in home prices means roughly $5,196 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Billings compared to $1,050/mo in Waco, a monthly difference of $150.
Grocery & Food Costs
Grocery expenses index at 99 in Billings and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $470/month in Billings vs $451/month in Waco. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 89 in Billings and 97 in Waco. Monthly utility bills average approximately $356 in Billings vs $388 in Waco. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Billings and 93 in Waco. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 9-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $55,438 in Billings and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $56,569 and $59,639 respectively. Waco residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,294/month to housing in Billings vs $1,155/month in Waco. In Billings, median rent of $1,200/mo fits within this budget. In Waco, median rent of $1,050/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 30 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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