Roanoke vs Waco
Cost of Living Comparison · 2026
Roanoke
Waco
The Verdict
Living in Roanoke costs 2.4% less than Waco. To match the purchasing power of a $75,000 salary in Roanoke, you would need $76,852 in Waco.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Roanoke has the same purchasing power as $76,852 in Waco.
Conversely, $75,000 in Waco equals $73,193 in Roanoke.
Living in Roanoke vs Waco
Housing Costs
Roanoke's housing index of 57 is lower Waco's 63, translating to median home prices of $225,000 vs $230,000. The $5,000 difference in home prices means roughly $324 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,075/mo in Roanoke compared to $1,050/mo in Waco, a monthly difference of $25.
Grocery & Food Costs
Grocery expenses index at 97 in Roanoke and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $461/month in Roanoke 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 116 in Roanoke and 97 in Waco. Monthly utility bills average approximately $464 in Roanoke vs $388 in Waco. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 91 in Roanoke 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 $52,700 in Roanoke and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $65,062 and $59,639 respectively. Roanoke residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,230/month to housing in Roanoke vs $1,155/month in Waco. In Roanoke, median rent of $1,075/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 Utilities, where the gap is 19 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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