Waco vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 33% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,024/mo in Wilmington — saving $3,048/year.
Rent by Unit Size
| Unit Size | Waco | Wilmington | Difference |
|---|---|---|---|
| Studio | $530 | $656 | $126 |
| 1 Bedroom | $629 | $838 | $209 |
| 2 Bedrooms | $770 | $1,024 | $254 |
| 3 Bedrooms | $988 | $1,314 | $326 |
| 4 Bedrooms | $1,119 | $1,459 | $340 |
| Median Income | $40,886 | $52,995 | $12,109 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Waco or Wilmington cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,024/mo in Wilmington. That's $254/mo or $3,048/year more expensive in Wilmington (33% higher).
What is the 2-bedroom rent in Waco vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Waco is $770/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Waco and Wilmington?
The median household income in Waco is $40,886/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Waco vs Wilmington?
A studio apartment Fair Market Rent in Waco is $530/mo. In Wilmington it is $656/mo.