Located in the state of Texas, Waco is a moderately-sized city with a population of 130,659 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (68% White). Given that fact, Waco could be considered less diverse than other cities. Additionally, more than a quarter of the population of Waco are of Hispanic or Latino origin, and 21% of the population also speak Spanish. The median age of all Waco residents is 29, which is well below the national average. This is a good indication that this city could be ideal for young singles.
Are you trying to ascertain if living in Waco is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Using the livability score which includes data from categories like crime, weather, employment, you can easily compare the best places to live in Waco and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Waco to Texas and the national average.
The livability score in Waco is 74/100 and the city is ranked in the 79th percentile of all cities across America. For each of the livability categories, we can establish that Waco ranks very well for amenities (A+), cost of living (A-), weather (B) and education (B-). The bad news for Waco, there are some categories for which it does not score well, this includes: crime (F), employment (D-) and housing (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Waco, there is no shortage of amazing local amenities and interesting things to do. Here are some of the more popular things to do in Waco: Cameron Park Zoo, Dr Pepper Museum, and Texas Ranger Hall of Fame and Museum.
Assuming that Waco meets all of your requirements, the next most important item to examine is the affordability of real estate in Waco. Everything else becomes a lot less important if it turns out that home prices in Waco are simply unattainable. Median real estate prices in Waco come in at $98,800, which is 30.8% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Waco, the home price to income ratio is 2.9, which is 11.5% higher than the Texas average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Waco area were 4.9% and 5 year appreciation rates were 5.4%.