New Orleans-Metairie vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 27% cheaper for renters. A 2-bedroom rents for $770/mo vs $980/mo in New Orleans-Metairie — saving $2,520/year.
Rent by Unit Size
| Unit Size | New Orleans-Metairie | Waco | Difference |
|---|---|---|---|
| Studio | $644 | $530 | $114 |
| 1 Bedroom | $781 | $629 | $152 |
| 2 Bedrooms | $980 | $770 | $210 |
| 3 Bedrooms | $1,243 | $988 | $255 |
| 4 Bedrooms | $1,319 | $1,119 | $200 |
| Median Income | $50,082 | $40,886 | $9,196 |
New Orleans-Metairie
- Studio
- $644/mo
- 1 BR
- $781/mo
- 2 BR
- $980/mo
- 3 BR
- $1,243/mo
- 4 BR
- $1,319/mo
- Median Income
- $50,082/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 New Orleans-Metairie or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $980/mo in New Orleans-Metairie. That's $210/mo or $2,520/year more expensive in New Orleans-Metairie (27% higher).
What is the 2-bedroom rent in New Orleans-Metairie vs Waco?
The HUD Fair Market Rent for a 2-bedroom in New Orleans-Metairie is $980/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between New Orleans-Metairie and Waco?
The median household income in New Orleans-Metairie is $50,082/year. In Waco it is $40,886/year. New Orleans-Metairie has the higher median income.
What is the studio rent in New Orleans-Metairie vs Waco?
A studio apartment Fair Market Rent in New Orleans-Metairie is $644/mo. In Waco it is $530/mo.