Racine vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 3% cheaper for renters. A 2-bedroom rents for $770/mo vs $794/mo in Racine — saving $288/year.
Rent by Unit Size
| Unit Size | Racine | Waco | Difference |
|---|---|---|---|
| Studio | $508 | $530 | $22 |
| 1 Bedroom | $641 | $629 | $12 |
| 2 Bedrooms | $794 | $770 | $24 |
| 3 Bedrooms | $1,002 | $988 | $14 |
| 4 Bedrooms | $1,141 | $1,119 | $22 |
| Median Income | $42,267 | $40,886 | $1,381 |
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/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 Racine or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $794/mo in Racine. That's $24/mo or $288/year more expensive in Racine (3% higher).
What is the 2-bedroom rent in Racine vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Racine is $794/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Racine and Waco?
The median household income in Racine is $42,267/year. In Waco it is $40,886/year. Racine has the higher median income.
What is the studio rent in Racine vs Waco?
A studio apartment Fair Market Rent in Racine is $508/mo. In Waco it is $530/mo.