Cedar Rapids vs Waco
Cost of Living Comparison · 2026
Cedar Rapids
Waco
The Verdict
Cedar Rapids is 1.2% less expensive than Waco overall. A household earning $75,000 in Cedar Rapids would need approximately $75,915 in Waco to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Cedar Rapids has the same purchasing power as $75,915 in Waco.
Conversely, $75,000 in Waco equals $74,096 in Cedar Rapids.
Living in Cedar Rapids vs Waco
Housing Costs
Cedar Rapids's housing index of 65 is higher Waco's 63, translating to median home prices of $195,000 vs $230,000. The $35,000 difference in home prices means roughly $2,280 per year in additional mortgage costs at current rates. Renters face a similar gap: $925/mo in Cedar Rapids compared to $1,050/mo in Waco, a monthly difference of $125.
Grocery & Food Costs
Grocery expenses index at 99 in Cedar Rapids and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $470/month in Cedar Rapids 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 95 in Cedar Rapids and 97 in Waco. Monthly utility bills average approximately $380 in Cedar Rapids vs $388 in Waco. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Cedar Rapids 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 $70,400 in Cedar Rapids and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,854 and $59,639 respectively. Cedar Rapids residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,643/month to housing in Cedar Rapids vs $1,155/month in Waco. In Cedar Rapids, median rent of $925/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 Healthcare, where the gap is 9 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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