City Comparison

Rochester vs Waco

Cost of Living Comparison · 2026

Rochester

Minnesota
94
Below Average
$345,000
Median Home
$1,275/mo
Median Rent
$91,500
Median Income

Waco

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

The Verdict

13.3%

Living in Waco costs 13.3% less than Rochester. To match the purchasing power of a $75,000 salary in Rochester, you would need $66,223 in Waco.

Category-by-Category Breakdown

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

Housing
95
Rochester
63
Waco
Groceries
103
Rochester
95
Waco
Utilities
102
Rochester
97
Waco
Transportation
102
Rochester
89
Waco
Healthcare
104
Rochester
93
Waco

Salary Equivalence

A $75,000 salary in Rochester has the same purchasing power as $66,223 in Waco.

Conversely, $75,000 in Waco equals $84,940 in Rochester.

Living in Rochester vs Waco

Housing Costs

Rochester's housing index of 95 is higher Waco's 63, translating to median home prices of $345,000 vs $230,000. The $115,000 difference in home prices means roughly $7,476 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,275/mo in Rochester compared to $1,050/mo in Waco, a monthly difference of $225.

Grocery & Food Costs

Grocery expenses index at 103 in Rochester and 95 in Waco. A household spending the national average of $475/month on groceries would pay approximately $489/month in Rochester vs $451/month in Waco. Waco offers a meaningful advantage on everyday food costs, saving roughly $456/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 102 in Rochester and 97 in Waco. Monthly utility bills average approximately $408 in Rochester vs $388 in Waco. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 104 in Rochester and 93 in Waco. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 11-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $91,500 in Rochester and $49,500 in Waco. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $97,340 and $59,639 respectively. Rochester residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $2,135/month to housing in Rochester vs $1,155/month in Waco. In Rochester, median rent of $1,275/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 32 index points — focus your budget analysis there.

Frequently Asked Questions

Waco is 13.3% more affordable overall with an index of 83 vs 94.
A $75,000 salary in Rochester has equivalent purchasing power to approximately $66,223 in Waco, based on the cost of living difference.
Rochester's housing index is 95 with median homes at $345,000, while Waco's is 63 with median homes at $230,000.

Moving & Relocation Resources

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