City comparison
Reno, NV vs Waco, TX
What a paycheck is really worth in each city: prices, rent, state taxes and federal GS pay.
Key findings
- Prices in Reno, NV are 9.1% higher than in Waco, TX. Someone earning $100,000 in Waco, TX would need about $109,100 in Reno, NV to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,489 a month in Reno, NV versus $996 in Waco, TX. On $100,000, that's 23% of take-home pay in Reno, NV and 15% in Waco, TX.
- Estimated state income tax on $100,000 is close: $0 a year in NV and $0 in TX.
- For federal employees, locality pay changes a GS-13 step 1 salary by −0.4% moving from Reno, NV to Waco, TX ($106,855 → $106,437), while prices change by −8.4%. Net effect of the transfer: +8.7% in real buying power.
- Reno, NV: price level 101.0 (about average)
- 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
| Reno, NV | Waco, TX | |
|---|---|---|
| Price level (U.S. = 100)2 | 101.0 | 92.5 |
| $100,000 is worth, in the other city2 | $91,621 in Waco | $109,145 in Reno |
| Typical 1-bedroom rent3 | $1,489/mo | $996/mo |
| Take-home on $100,00014,15,8 | $79,180 | $79,180 |
| State income tax on $100,000 (estimate)8 | $0 (NV) | $0 (TX) |
| Rent burden on $100,000 | 23% | 15% |
| Median pay, all jobs4 | $49,660 | $46,020 |
| Federal locality pay area7 | Reno-Fernley, NV | Rest of U.S. |
Rent areas: Reno, NV HUD Metro FMR Area and Waco, TX HUD Metro FMR Area. Metro areas: Reno, NV and Waco, TX.
What costs more or less
| Price level (U.S. = 100) | Reno | Waco |
|---|---|---|
| Housing (rent) | 123.5 | 83.5 |
| Goods | 96.3 | 93.8 |
| Utilities | 89.3 | 81.0 |
| Other services | 98.7 | 96.2 |
| Overall | 101.0 | 92.5 |
Moving with the same $100,000 salary
Reno, NV → Waco, TX
Same pay goes further
Buying power +9.1%; rent takes 15% of take-home; state tax +$0/yr.
97 Strong offer
Waco, TX → Reno, NV
Same pay buys less
Buying power −8.4%; rent takes 23% of take-home; state tax +$0/yr.
43 Weak offer
Federal employees: GS pay
Reno, NV is in the Reno-Fernley, NV pay area; Waco, TX is in Rest of U.S.. The last column shows what a transfer from Reno, NV to Waco, TX at the same grade and step does to real buying power.
| Grade5,2 | Reno, NV | Waco, TX | Real change, Reno → Waco |
|---|---|---|---|
| GS-9 step 1 | $61,965 | $61,722 | +8.7% |
| GS-11 step 1 | $74,972 | $74,678 | +8.7% |
| GS-12 step 1 | $89,859 | $89,508 | +8.7% |
| GS-13 step 1 | $106,855 | $106,437 | +8.7% |
| GS-14 step 1 | $126,271 | $125,776 | +8.7% |
Pay for common jobs
| Median annual pay4 | Reno, NV | Waco, TX | Waco pay in Reno dollars |
|---|---|---|---|
| Information Security Analysts | $98,260 | not published | — |
| Software Developers | $125,710 | $123,080 | $134,336 (+6.9%) |
| Accountants and Auditors | $82,370 | $76,140 | $83,103 (+0.9%) |
| Registered Nurses | $107,520 | $92,890 | $101,385 (−5.7%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.