Salary Needed to Live in Waco as a Family
A family of four (2 adults, 2 children) needs approximately $47,860/year to live comfortably in Waco, TX — including 15% savings.
Comfortable Salary
$47,860
with 15% savings
Bare Minimum
$38,288
no savings buffer
Monthly Expenses
$2,393
18% below national avg
Detailed Monthly Budget for a Family in Waco
| Expense | Waco | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $151 | $209 | -28% |
| 🛒 Groceries | $42 | $44 | -5% |
| ⚡ Utilities | $27 | $28 | -4% |
| 🚗 Transportation | $45 | $44 | +2% |
| 🛡️ Car Insurance | $162 | $223 | -27% |
| 🏥 Health Insurance | $55 | $56 | -2% |
| Childcare/After-school | $984 | $1,200 | -18% |
| Internet + Phones | $148 | $180 | -18% |
| Children Activities | $205 | $250 | -18% |
| Dining Out | $287 | $350 | -18% |
| School Supplies & Clothing | $164 | $200 | -18% |
| Healthcare Co-pays | $123 | $150 | -18% |
| Total Monthly | $2,393 | $2,934 | -18% |
How We Calculated the Salary
Monthly expenses:$2,393
Target savings (15%):$528/mo
Monthly after-tax needed:$2,921
Effective tax rate:25%
Gross annual salary needed:$47,860
Other Household Types in Waco
Related Pages
FAQ
What salary does a family with kids need in Waco?
A family with kids needs approximately $47,860/year ($3,988/month gross) to live comfortably in Waco with a 15% savings rate.
How much is rent for a family with kids in Waco?
A 3br apartment/house in Waco costs approximately $151/month, which is the largest single expense at 6% of the total budget.
Is Waco affordable for a family with kids?
Yes, Waco is 18% more affordable than the national average for a family with kids.