Duluth vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 10% cheaper for renters. A 2-bedroom rents for $770/mo vs $849/mo in Duluth — saving $948/year.
Rent by Unit Size
| Unit Size | Duluth | Waco | Difference |
|---|---|---|---|
| Studio | $550 | $530 | $20 |
| 1 Bedroom | $693 | $629 | $64 |
| 2 Bedrooms | $849 | $770 | $79 |
| 3 Bedrooms | $1,028 | $988 | $40 |
| 4 Bedrooms | $1,190 | $1,119 | $71 |
| Median Income | $47,330 | $40,886 | $6,444 |
Duluth
- Studio
- $550/mo
- 1 BR
- $693/mo
- 2 BR
- $849/mo
- 3 BR
- $1,028/mo
- 4 BR
- $1,190/mo
- Median Income
- $47,330/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 Duluth or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $849/mo in Duluth. That's $79/mo or $948/year more expensive in Duluth (10% higher).
What is the 2-bedroom rent in Duluth vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Duluth is $849/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Duluth and Waco?
The median household income in Duluth is $47,330/year. In Waco it is $40,886/year. Duluth has the higher median income.
What is the studio rent in Duluth vs Waco?
A studio apartment Fair Market Rent in Duluth is $550/mo. In Waco it is $530/mo.