Anchorage vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 51% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,162/mo in Anchorage — saving $4,704/year.
Rent by Unit Size
| Unit Size | Anchorage | Waco | Difference |
|---|---|---|---|
| Studio | $795 | $530 | $265 |
| 1 Bedroom | $960 | $629 | $331 |
| 2 Bedrooms | $1,162 | $770 | $392 |
| 3 Bedrooms | $1,475 | $988 | $487 |
| 4 Bedrooms | $1,674 | $1,119 | $555 |
| Median Income | $75,443 | $40,886 | $34,557 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is Anchorage or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,162/mo in Anchorage. That's $392/mo or $4,704/year more expensive in Anchorage (51% higher).
What is the 2-bedroom rent in Anchorage vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Anchorage and Waco?
The median household income in Anchorage is $75,443/year. In Waco it is $40,886/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Waco?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Waco it is $530/mo.