Raleigh-Cary vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 42% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,097/mo in Raleigh-Cary — saving $3,924/year.
Rent by Unit Size
| Unit Size | Raleigh-Cary | Waco | Difference |
|---|---|---|---|
| Studio | $760 | $530 | $230 |
| 1 Bedroom | $928 | $629 | $299 |
| 2 Bedrooms | $1,097 | $770 | $327 |
| 3 Bedrooms | $1,435 | $988 | $447 |
| 4 Bedrooms | $1,556 | $1,119 | $437 |
| Median Income | $70,678 | $40,886 | $29,792 |
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/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 Raleigh-Cary or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,097/mo in Raleigh-Cary. That's $327/mo or $3,924/year more expensive in Raleigh-Cary (42% higher).
What is the 2-bedroom rent in Raleigh-Cary vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Raleigh-Cary is $1,097/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Raleigh-Cary and Waco?
The median household income in Raleigh-Cary is $70,678/year. In Waco it is $40,886/year. Raleigh-Cary has the higher median income.
What is the studio rent in Raleigh-Cary vs Waco?
A studio apartment Fair Market Rent in Raleigh-Cary is $760/mo. In Waco it is $530/mo.