Olympia-Lacey-Tumwater vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 53% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $4,896/year.
Rent by Unit Size
| Unit Size | Olympia-Lacey-Tumwater | Waco | Difference |
|---|---|---|---|
| Studio | $769 | $530 | $239 |
| 1 Bedroom | $945 | $629 | $316 |
| 2 Bedrooms | $1,178 | $770 | $408 |
| 3 Bedrooms | $1,376 | $988 | $388 |
| 4 Bedrooms | $1,633 | $1,119 | $514 |
| Median Income | $67,966 | $40,886 | $27,080 |
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/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 Olympia-Lacey-Tumwater or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $408/mo or $4,896/year more expensive in Olympia-Lacey-Tumwater (53% higher).
What is the 2-bedroom rent in Olympia-Lacey-Tumwater vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Olympia-Lacey-Tumwater is $1,178/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Olympia-Lacey-Tumwater and Waco?
The median household income in Olympia-Lacey-Tumwater is $67,966/year. In Waco it is $40,886/year. Olympia-Lacey-Tumwater has the higher median income.
What is the studio rent in Olympia-Lacey-Tumwater vs Waco?
A studio apartment Fair Market Rent in Olympia-Lacey-Tumwater is $769/mo. In Waco it is $530/mo.