Chico vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 38% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,059/mo in Chico — saving $3,468/year.
Rent by Unit Size
| Unit Size | Chico | Waco | Difference |
|---|---|---|---|
| Studio | $698 | $530 | $168 |
| 1 Bedroom | $859 | $629 | $230 |
| 2 Bedrooms | $1,059 | $770 | $289 |
| 3 Bedrooms | $1,354 | $988 | $366 |
| 4 Bedrooms | $1,491 | $1,119 | $372 |
| Median Income | $66,884 | $40,886 | $25,998 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/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 Chico or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,059/mo in Chico. That's $289/mo or $3,468/year more expensive in Chico (38% higher).
What is the 2-bedroom rent in Chico vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Chico and Waco?
The median household income in Chico is $66,884/year. In Waco it is $40,886/year. Chico has the higher median income.
What is the studio rent in Chico vs Waco?
A studio apartment Fair Market Rent in Chico is $698/mo. In Waco it is $530/mo.