Housing costs in Waco?
A typical home costs
$191,500, which is 43.4% less expensive than the national average of
$338,100 and 1.4% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Waco costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 16.5% cheaper than the state average of
$920.
Can I afford Waco?
To live comfortably in Waco (zip 40385), Kentucky, a minimum annual income of
$36,720 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Waco?
The cost of living in 40385 Waco, KY is quite low compared to other places. The average home price is around $68,000, making it an incredibly affordable place to live. The median household income is also very low at just over $25,000 per year, so those living on a tighter budget will find this area particularly attractive. In terms of amenities, the community offers plenty of grocery stores, restaurants and entertainment venues to keep you busy. Additionally, taxes are surprisingly low compared to other areas in Kentucky and there are no sales tax or personal income tax for residents. All in all, 40385 Waco is a great place for those looking for a low cost of living.