Philadelphia-Camden-Wilmington vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 57% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,207/mo in Philadelphia-Camden-Wilmington — saving $5,244/year.
Rent by Unit Size
| Unit Size | Philadelphia-Camden-Wilmington | Waco | Difference |
|---|---|---|---|
| Studio | $788 | $530 | $258 |
| 1 Bedroom | $990 | $629 | $361 |
| 2 Bedrooms | $1,207 | $770 | $437 |
| 3 Bedrooms | $1,535 | $988 | $547 |
| 4 Bedrooms | $1,692 | $1,119 | $573 |
| Median Income | $70,627 | $40,886 | $29,741 |
Philadelphia-Camden-Wilmington
- Studio
- $788/mo
- 1 BR
- $990/mo
- 2 BR
- $1,207/mo
- 3 BR
- $1,535/mo
- 4 BR
- $1,692/mo
- Median Income
- $70,627/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 Philadelphia-Camden-Wilmington or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,207/mo in Philadelphia-Camden-Wilmington. That's $437/mo or $5,244/year more expensive in Philadelphia-Camden-Wilmington (57% higher).
What is the 2-bedroom rent in Philadelphia-Camden-Wilmington vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Philadelphia-Camden-Wilmington is $1,207/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Philadelphia-Camden-Wilmington and Waco?
The median household income in Philadelphia-Camden-Wilmington is $70,627/year. In Waco it is $40,886/year. Philadelphia-Camden-Wilmington has the higher median income.
What is the studio rent in Philadelphia-Camden-Wilmington vs Waco?
A studio apartment Fair Market Rent in Philadelphia-Camden-Wilmington is $788/mo. In Waco it is $530/mo.