City comparison
Akron, OH vs Waco, TX
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Overall prices in Akron, OH (93.4) and Waco, TX (92.5, U.S. average = 100) are within 1% of each other, so $100,000 in Akron, OH goes as far as $99,100 in Waco, TX.
- Typical 1-bedroom rents are close: $985 a month in Akron, OH and $996 in Waco, TX.
- On $100,000, estimated state income tax is about $1,968 a year higher in Akron, OH than in Waco, TX.
- For federal employees, locality pay changes a GS-13 step 1 salary by −4.2% moving from Akron, OH to Waco, TX ($111,138 → $106,437), while prices change by −0.9%. Net effect of the transfer: −3.4% in real buying power.
- Akron, OH: price level 93.4 (cheaper)
- Waco, TX: price level 92.5 (cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Akron, OH | Waco, TX | |
|---|---|---|
| Price level (U.S. = 100)2 | 93.4 | 92.5 |
| $100,000 is worth, in the other city2 | $99,122 in Waco | $100,886 in Akron |
| Typical 1-bedroom rent3 | $985/mo | $996/mo |
| Take-home on $100,00014,15,8 | $77,212 | $79,180 |
| State income tax on $100,000 (estimate)8 | $1,968 (OH) | $0 (TX) |
| Rent burden on $100,000 | 15% | 15% |
| Median pay, all jobs4 | $48,840 | $46,020 |
| Federal locality pay area7 | Cleveland-Akron-Canton, OH-PA | Rest of U.S. |
Rent areas: Akron, OH MSA and Waco, TX HUD Metro FMR Area. Metro areas: Akron, OH and Waco, TX.
What costs more or less
| Price level (U.S. = 100) | Akron | Waco |
|---|---|---|
| Housing (rent) | 76.8 | 83.5 |
| Goods | 93.6 | 93.8 |
| Utilities | 96.4 | 81.0 |
| Other services | 98.9 | 96.2 |
| Overall | 93.4 | 92.5 |
Moving with the same $100,000 salary
Akron, OH → Waco, TX
Roughly even
Buying power +0.9%; rent takes 15% of take-home; state tax −$1,968/yr.
72 Strong offer
Waco, TX → Akron, OH
Roughly even
Buying power −0.9%; rent takes 15% of take-home; state tax +$1,968/yr.
66 Fair offer
On the GS pay scale?
Akron, OH is in the Cleveland-Akron-Canton, OH-PA pay area; Waco, TX is in Rest of U.S.. The last column shows what a transfer from Akron, OH to Waco, TX at the same grade and step does to real buying power.
| Grade5,2 | Akron, OH | Waco, TX | Real change, Akron → Waco |
|---|---|---|---|
| GS-9 step 1 | $64,448 | $61,722 | −3.4% |
| GS-11 step 1 | $77,977 | $74,678 | −3.4% |
| GS-12 step 1 | $93,461 | $89,508 | −3.4% |
| GS-13 step 1 | $111,138 | $106,437 | −3.4% |
| GS-14 step 1 | $131,331 | $125,776 | −3.4% |
Pay for common jobs
| Median annual pay4 | Akron, OH | Waco, TX | Waco pay in Akron dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $78,560 | $59,100 | $59,624 (−24.1%) |
| Software Developers | $105,430 | $123,080 | $124,170 (+17.8%) |
| Accountants and Auditors | $78,540 | $76,140 | $76,815 (−2.2%) |
| Registered Nurses | $80,770 | $92,890 | $93,713 (+16.0%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.