Waco, TX

WACO, TEXAS: Demographic and Financial Snapshot

(Last updated on 1.11.21)

 

AGE IN WACO, TEXAS

Age RangePopulationPercent
20 to 24 years19,08114.2%
25 to 29 years10,1657.6%
30 to 34 years8,1426.1%
35 to 39 years7,9015.9%
40 to 44 years6,7145.0%
45 to 49 years6,7335.0%
50 to 54 years6,1084.6%
55 to 59 years6,6995.0%
60 to 64 years6,1804.6%
65 to 69 years5,1073.8%
70 to 74 years3,3312.5%
75 to 79 years2,6672.0%
80 to 84 years2,1361.6%
85+ years2,4481.8%

The median age in Waco is 28.4 years

Source: US Census Data; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Age

 

ETHNICITY IN WACO, TEXAS

EthnicityPopulationPercent
White92,98869.4%
Black or African American28,93721.6%
American Indian and Alaska Native6350.5%
Asian2,9082.2%
Native Hawaiian and Other Pacific Islander1040.1%
Other5,1453.8%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Race

 

EDUCATION IN WACO, TEXAS

Education LevelPopulationPercent
Less than 9th grade5,8587.9%
9th to 12th grade, no diploma8,39911.3%
High school graduate (includes GED)19,62026.4%
Some college, no degree16,50622.2%
Associate’s degree6,1908.3%
Bachelor’s degree11,11114.9%
Graduate or professional degree6,6478.9%
High school graduate or higher60,07480.8%
Bachelor’s degree or higher17,75823.9%
Less than Bachelor’s degree56,57376.1%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Education (population 25+ years)

 

HOUSEHOLD INCOME IN WACO, TEXAS

Annual Household IncomePercent
Less than $10,00013.4%
$10,000 to $14,9996.6%
$15,000 to $24,99914.4%
$25,000 to $34,99912.7%
$35,000 to $49,99914.2%
$50,000 to $74,99915.0%
$75,000 to $99,9999.4%
$100,000 to $149,9998.5%
$150,000 to $199,9992.9%
$200,000 or more2.9%

Median household income: $37,735

Mean household income: $56,705

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Household Income

 

HOUSEHOLD INCOME BY EDUCATION IN WACO, TEXAS

Education LevelAverage Income
Less than high school graduate$21,324
High school graduate (includes GED)$24,247
Some college or Associate’s degree$29,144
Bachelor’s degree$45,529
Graduate or professional degree$57,731

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Median earnings in past 12 months by education (population 25+ years with earnings)

 

MARITAL STATUS IN WACO, TEXAS

 PopulationPercent
Population 15+ years 108,356 NA
Never married48,28244.6%
Now married (except separated)40,57137.4%
Separated2,5872.4%
Widowed6,6256.1%
Divorced10,2919.5%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Marital Status for population 15 years and over

 

POVERTY STATUS IN WACO, TEXAS

 PopulationPercent
Living beneath poverty line33,32426.2%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Poverty Rate

 

HOUSING IN WACO, TEXAS

Owner-occupied housing units21,699
Renter-occupied housing units26,351
Single-family detached units31,805
Homeownership rate45.2%
Vacancy rate11.3%
Renters rate54.8%
Average housing value$164,262
Average monthly owner cost (with mortgage)$836
Average rent$738

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Housing Characteristics

 

SOCIOECONOMIC CHARACTERISTICS IN WACO, TEXAS

Average income$56,705
Average household size2.61
Percent population 16 years and over in labor force59.1%
Percent disabled12.1%
Percent with health coverage83.5%
Average travel time to work (in minutes)17.5
Percent workers using public transportation0.6%
Percent veterans7.1%
Percent foreign born11.3%
Percent speaking Spanish at home12.5%

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Socioeconomic Characteristics

 

CONSUMER SPENDING IN WACO, TEXAS

Total consumer expenditures per household$51,395.90
Alcoholic beverages$389.50
Alcoholic beverages consumed at home$230.45
Beer consumed away from home$69.39
Wine consumed away from home$32.35
Apparel & services$1,522.44
Men’s apparel$300.68
Women’s apparel$497.04
Children’s apparel$234.39
Boys’ apparel$78.49
Girls’ apparel$88.33
Footwear$350.84
Dining out (food away from home)$2,621.73
Dining out – Breakfast$268.79
Dining out – Lunch$823.58
Dining out – Dinner$1,205.70
Education$1,091.43
Entertainment / recreation$2,192.35
Club membership fees$149.02
Dating services$0.61
Pet food$175.47
Pet services$41.63
Food consumed at home$3,640.32
Bakery products consumed at home$476.79
Dairy products consumed at home$367.92
Fruits and vegetables consumed at home$702.20
Meat, poultry, fish, eggs consumed at home$815.31
Nonalcoholic beverages consumed at home$363.89
Snacks / other food products consumed at home$1,278.10
Health care$4,001.47
Medical services$729.61
Nonprescription drugs$99.16
Household Services$1,367.94
Care for the elderly and handicapped$49.50
Lawn and garden services$281.09
Housekeeping services$109.81
PC repair$4.89
Housing$16,274.52
Home improvements$1,572.83
Utilities, fuel, and public services$3,487.98
Phone services$1,274.75
Water$507.08
Life and other insurance$285.51
Pensions and social security$5,289.85
Personal care products and services$619.68
Hair care products$75.35
Personal care products$257.91
Local transportation$6,115.82
Gasoline$1,620.55
Vehicle maintenance and repair$824.76
Travel$1,424.49
Airline fares$346.29
Auto / truck rental on trips$16.86
Lodging on trips$382.68
Food and drink on trips$347.42
Entertainment on trips$122.02

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Consumer Spending (Consumer expenditures per household)

 

DEBT IN MCLENNAN COUNTY (home to WACO, TEXAS)

% with any debt in collections45%
Average debt in collections$1,579
% with medical debt in collections27%
Average medical debt in collections$404
% with student loan debt19%
Average student loan debt$18,063
Average monthly student loan payment$182
% with auto debt36%

Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program
: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point
: Consumer Debt

 

UNEMPLOYMENT IN WACO, TEXAS

YearPopulationPercent
January 20192,4444.0%
February 20192,2543.7%
March 20192,2113.6%
April 20191,7642.9%
May 20191,8913.1%
June 20192,4464.0%
July 20192,5534.1%
August 20192,3803.9%
September 20192,0893.4%
October 20192,0783.4%
November 20192,0073.2%
December 20191,9503.2%
January 20202,2443.6%
February 20202,1553.5%
March 20203,2935.4%
April 20206,53411.6%
May 20206,34010.7%
June 20204,5967.5%
July 20204,5347.3%
August 20203,8806.0%
September 20204,3966.9%
October 20203,6885.9%

Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program
: Local Area Employment Statistics
Data Point
: Unemployment totals (not seasonally adjusted)