Concord vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 41% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,088/mo in Concord — saving $3,816/year.
Rent by Unit Size
| Unit Size | Concord | Waco | Difference |
|---|---|---|---|
| Studio | $755 | $530 | $225 |
| 1 Bedroom | $912 | $629 | $283 |
| 2 Bedrooms | $1,088 | $770 | $318 |
| 3 Bedrooms | $1,418 | $988 | $430 |
| 4 Bedrooms | $1,586 | $1,119 | $467 |
| Median Income | $53,649 | $40,886 | $12,763 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/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 Concord or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,088/mo in Concord. That's $318/mo or $3,816/year more expensive in Concord (41% higher).
What is the 2-bedroom rent in Concord vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Concord and Waco?
The median household income in Concord is $53,649/year. In Waco it is $40,886/year. Concord has the higher median income.
What is the studio rent in Concord vs Waco?
A studio apartment Fair Market Rent in Concord is $755/mo. In Waco it is $530/mo.