Salary Needed to Live in Waco as a Single
A single adult living independently needs approximately $16,320/year to live comfortably in Waco, TX — including 10% savings.
Comfortable Salary
$16,320
with 10% savings
Bare Minimum
$14,144
no savings buffer
Monthly Expenses
$884
19% below national avg
Detailed Monthly Budget for a Single in Waco
| Expense | Waco | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $82 | $113 | -27% |
| 🛒 Groceries | $17 | $17 | 0% |
| ⚡ Utilities | $13 | $14 | -7% |
| 🚗 Transportation | $27 | $26 | +4% |
| 🛡️ Car Insurance | $162 | $223 | -27% |
| 🏥 Health Insurance | $55 | $56 | -2% |
| Internet | $53 | $65 | -18% |
| Phone | $70 | $85 | -18% |
| Dining & Social | $246 | $300 | -18% |
| Entertainment | $98 | $120 | -18% |
| Personal Care | $61 | $75 | -19% |
| Total Monthly | $884 | $1,094 | -19% |
How We Calculated the Salary
Monthly expenses:$884
Target savings (10%):$113/mo
Monthly after-tax needed:$997
Effective tax rate:25%
Gross annual salary needed:$16,320
Other Household Types in Waco
Related Pages
FAQ
What salary does a single person need in Waco?
A single person needs approximately $16,320/year ($1,360/month gross) to live comfortably in Waco with a 10% savings rate.
How much is rent for a single person in Waco?
A studio/1br in Waco costs approximately $82/month, which is the largest single expense at 9% of the total budget.
Is Waco affordable for a single person?
Yes, Waco is 19% more affordable than the national average for a single person.