Bakersfield vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 32% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,018/mo in Bakersfield — saving $2,976/year.
Rent by Unit Size
| Unit Size | Bakersfield | Waco | Difference |
|---|---|---|---|
| Studio | $683 | $530 | $153 |
| 1 Bedroom | $854 | $629 | $225 |
| 2 Bedrooms | $1,018 | $770 | $248 |
| 3 Bedrooms | $1,326 | $988 | $338 |
| 4 Bedrooms | $1,528 | $1,119 | $409 |
| Median Income | $67,968 | $40,886 | $27,082 |
Bakersfield
- Studio
- $683/mo
- 1 BR
- $854/mo
- 2 BR
- $1,018/mo
- 3 BR
- $1,326/mo
- 4 BR
- $1,528/mo
- Median Income
- $67,968/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 Bakersfield or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,018/mo in Bakersfield. That's $248/mo or $2,976/year more expensive in Bakersfield (32% higher).
What is the 2-bedroom rent in Bakersfield vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Bakersfield is $1,018/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Bakersfield and Waco?
The median household income in Bakersfield is $67,968/year. In Waco it is $40,886/year. Bakersfield has the higher median income.
What is the studio rent in Bakersfield vs Waco?
A studio apartment Fair Market Rent in Bakersfield is $683/mo. In Waco it is $530/mo.