Waco, TX
The rest of the month in Waco
$2,987 in modelled household costs, against $5,307 take-home. Leftover is $2,320.
Where the money goes
- Taxes$1,244
- Rent$1,123
- Other living costs$1,864
- Left over$2,320
Pay and tax, per year
- Gross household pay
- $78,612
- Federal income tax
- −$8,909
- Social Security and Medicare
- −$6,014
- State income tax (TX)
- None
- Take-home pay
- $63,690
- Effective tax rate
- 19.0%
Living costs, per month
- Rent, 1br
- $1,123
- Groceries
- $363
- Getting around
- $549
- Healthcare
- $408
- Utilities and internet
- $227
- Everything else
- $317
- Total spending
- $2,987
Left over each month
$6,551 gross, minus $1,244 in tax and $2,987 in living costs.
$2,320
Power bill, separately
EIA 2024 residential electricity in TX averages a $132 monthly bill at 900 kWh. The utilities line above already includes power, gas and water as a household bundle — this is the state rate as a cross-check, not an extra cost.
Non-housing lines start from BLS-order-of-magnitude national spending, then scale by this metro's cost index and your household size. Electricity rates are EIA state averages. Not a budget, not advice.