Fort Myers vs Waco
Cost of Living Comparison · 2026
Fort Myers
Waco
The Verdict
The cost gap between these cities is 25.3%, with Waco being the more affordable option. A $75,000 income in Fort Myers has equivalent purchasing power to $59,856 in Waco.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Fort Myers has the same purchasing power as $59,856 in Waco.
Conversely, $75,000 in Waco equals $93,976 in Fort Myers.
Living in Fort Myers vs Waco
Housing Costs
Fort Myers's housing index of 112 is higher Waco's 63, translating to median home prices of $340,000 vs $230,000. The $110,000 difference in home prices means roughly $7,152 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,575/mo in Fort Myers compared to $1,050/mo in Waco, a monthly difference of $525.
Grocery & Food Costs
Grocery expenses index at 104 in Fort Myers and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $494/month in Fort Myers vs $451/month in Waco. Waco offers a meaningful advantage on everyday food costs, saving roughly $516/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 101 in Fort Myers and 97 in Waco. Monthly utility bills average approximately $404 in Fort Myers vs $388 in Waco. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 108 in Fort Myers and 93 in Waco. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 15-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $52,200 in Fort Myers and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $50,192 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 $1,218/month to housing in Fort Myers vs $1,155/month in Waco. In Fort Myers, median rent of $1,575/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 Housing, where the gap is 49 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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