C

Waco, KY

Source:

Affordability Score: 58/100

Population: 3,131 · 1 ZIP codes

The affordability dashboard for Waco, KY aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 3,131 residents, then layers in county-level federal data to produce an overall grade of C (58/100). The headline inputs are median household income of $63,103, median home value of $194,700, median rent of $680 per month, and 21.4% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $904 per month (studio $666, 1BR $785, 3BR $1,257, 4BR $1,416). Department of Labor data lists infant center-based childcare at $9,433 per year, consuming 15% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Waco, KY include rent. Pressure points are education. Unemployment currently reads 1.3% and poverty 7.4% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$63,103
Median household income
Education F
21.4%
Bachelor's degree or higher
Housing C+
3.1x
Home value $194,700 vs income
Commute N/A
N/A
Average commute time
Rent A
$904/mo
2BR fair market rent (17% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C-
$9,433/yr
Center-based infant care (15% of income)

Income & Employment

Median Income
$63,103
▲ 2% vs national
Per Capita Income
$28,133
Unemployment Rate
1.3%
Poverty Rate
7.4%

Housing

Median Home Value
$194,700
▼ 29% vs national
Median Rent
$680/mo
Owner Occupied
82.0%
2BR Fair Market Rent
$904/mo
▼ 25% vs national

Fair Market Rents by Bedroom

Studio
$666
1BR
$785
2BR
$904
3BR
$1,257
4BR
$1,416

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
21.4%
▼ 9 ppt vs national
High School+
66.5%
Median Age
42.5
Avg. Commute

Childcare Costs

Infant (Center)
$9,433/yr
15% of income
Toddler (Center)
$7,973/yr
Preschool (Center)
$7,973/yr
School-Age (Center)
$7,031/yr

What This Means

Waco, KY receives an overall affordability grade of C (58/100), aggregated from 1 ZIP codes with a total population of 3,131. This area performs well in rent. Challenges include education. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

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What are common questions about this dashboard?

Is Waco, KY affordable?
Waco, KY receives an overall affordability grade of C (58/100) based on Census, HUD, FBI, and DOL data. Median household income is $63,103. Median home value is $194,700.
What is the cost of living in Waco?
Key cost metrics: Median rent $680/mo. 2BR fair market rent $904/mo. Infant childcare $9,433/yr. Median home value $194,700.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →