City Comparison

Hampton vs Waco

Cost of Living Comparison · 2026

Hampton

Virginia
88
Below Average
$243,000
Median Home
$1,175/mo
Median Rent
$59,400
Median Income

Waco

Texas
83
Very Affordable
$230,000
Median Home
$1,050/mo
Median Rent
$49,500
Median Income

The Verdict

6.0%

Living in Waco costs 6.0% less than Hampton. To match the purchasing power of a $75,000 salary in Hampton, you would need $70,739 in Waco.

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Housing
102
Hampton
63
Waco
Groceries
94
Hampton
95
Waco
Utilities
102
Hampton
97
Waco
Transportation
93
Hampton
89
Waco
Healthcare
106
Hampton
93
Waco

Salary Equivalence

A $75,000 salary in Hampton has the same purchasing power as $70,739 in Waco.

Conversely, $75,000 in Waco equals $79,518 in Hampton.

Living in Hampton vs Waco

Housing Costs

Hampton's housing index of 102 is higher Waco's 63, translating to median home prices of $243,000 vs $230,000. The $13,000 difference in home prices means roughly $840 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,175/mo in Hampton compared to $1,050/mo in Waco, a monthly difference of $125.

Grocery & Food Costs

Grocery expenses index at 94 in Hampton and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $447/month in Hampton 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 102 in Hampton and 97 in Waco. Monthly utility bills average approximately $408 in Hampton vs $388 in Waco. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 106 in Hampton and 93 in Waco. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 13-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $59,400 in Hampton and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $67,500 and $59,639 respectively. Hampton residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,386/month to housing in Hampton vs $1,155/month in Waco. In Hampton, median rent of $1,175/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 39 index points — focus your budget analysis there.

Frequently Asked Questions

Waco is 6.0% more affordable overall with an index of 83 vs 88.
A $75,000 salary in Hampton has equivalent purchasing power to approximately $70,739 in Waco, based on the cost of living difference.
Hampton's housing index is 102 with median homes at $243,000, while Waco's is 63 with median homes at $230,000.

Moving & Relocation Resources

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