Waco is a mid-sized city in Texas with a population of just over 130,000. Young adults (15-24) can expect to fit right in, as they make up an above-average 24% of the community, while middle-aged professionals are less well-represented. Overall, the city's population, at an average age of just over 34, is younger than most cities in Texas. Renters slightly outnumber homeowners in Waco by a slim 55%-45% margin. The trend is driven in part by a relatively reasonable average rent of $856 per month, which is $173 less than the state average. Those savings add up over the course of 12 months.
Waco has an average commute time of about 19 minutes, shorter than the Texas average of about 27 minutes. Driving is the typical way to get to work, chosen by 40% of residents, while public transit isn't used much. Walking isn't a common method of commuting to work.
Eight percent of Waco residents older than 25 possess a Bachelor's degree, while 4% have a Master's degree or Doctorate. If you're looking for diverse career options, Waco has plenty. The four most common industries are retail, healthcare, education, and entertainment. Together, these industries make up 24% of the workforce in the city. Meanwhile, in terms of job function, 6% of residents work in sales, making it the top field in the city. With an average annual income of around $52K, Waco workers bring in less than their peers elsewhere in the state. Waco's average income also trails the national average ($73,345).
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