Waco vs Wichita
Cost of Living Comparison · 2026
Waco
Wichita
The Verdict
The cost gap between these cities is 1.2%, with Waco being the more affordable option. A $75,000 income in Waco has equivalent purchasing power to $75,904 in Wichita.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Waco has the same purchasing power as $75,904 in Wichita.
Conversely, $75,000 in Wichita equals $74,107 in Waco.
Living in Waco vs Wichita
Housing Costs
Waco's housing index of 63 is higher Wichita's 62, translating to median home prices of $230,000 vs $165,000. The $65,000 difference in home prices means roughly $4,224 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,050/mo in Waco compared to $900/mo in Wichita, a monthly difference of $150.
Grocery & Food Costs
Grocery expenses index at 95 in Waco and 95 in Wichita. A household spending the national average of $475/month on groceries would pay approximately $451/month in Waco vs $451/month in Wichita. 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 97 in Waco and 93 in Wichita. Monthly utility bills average approximately $388 in Waco vs $372 in Wichita. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 93 in Waco and 92 in Wichita. 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 $49,500 in Waco and $52,428 in Wichita. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $59,639 and $62,414 respectively. Wichita residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,155/month to housing in Waco vs $1,223/month in Wichita. In Waco, median rent of $1,050/mo fits within this budget. In Wichita, median rent of $900/mo remains manageable. The biggest category-level difference between these two cities is Transportation, where the gap is 9 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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