Cleveland vs Waco
Cost of Living Comparison · 2026
Cleveland
Waco
The Verdict
Living in Waco costs 4.8% less than Cleveland. To match the purchasing power of a $75,000 salary in Cleveland, you would need $71,552 in Waco.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Cleveland has the same purchasing power as $71,552 in Waco.
Conversely, $75,000 in Waco equals $78,614 in Cleveland.
Living in Cleveland vs Waco
Housing Costs
Cleveland's housing index of 59 is lower Waco's 63, translating to median home prices of $100,000 vs $230,000. The $130,000 difference in home prices means roughly $8,448 per year in additional mortgage costs at current rates. Renters face a similar gap: $900/mo in Cleveland compared to $1,050/mo in Waco, a monthly difference of $150.
Grocery & Food Costs
Grocery expenses index at 99 in Cleveland and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $470/month in Cleveland 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 96 in Cleveland and 97 in Waco. Monthly utility bills average approximately $384 in Cleveland vs $388 in Waco. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 96 in Cleveland and 93 in Waco. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $32,053 in Cleveland and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $36,843 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 $748/month to housing in Cleveland vs $1,155/month in Waco. In Cleveland, median rent of $900/mo exceeds this threshold, suggesting renters may feel stretched. In Waco, median rent of $1,050/mo remains manageable. The biggest category-level difference between these two cities is Transportation, where the gap is 12 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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