Waco, TX Metropolitan Statistical Area TX Demographic Data and Boundary Map
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Waco, TX Metropolitan Statistical Area Boundary Map
Waco, TX Metropolitan Statistical Area Data & Demographics (As of July 1, 2023)
POPULATION
Total Population
285,529 (100%)
Population in Households
273,379 (95.7%)
Population in Families
218,794 (76.6%)
Population in Group Quarters1
12,150 ( 4.3%)
Population Density
158
Diversity Index2
76
INCOME
Median Household Income
$58,884
Average Household Income
$87,343
% of Income for Mortgage4
21%
Per Capita Income
$32,573
Wealth Index5
81
Socioeconomic Status Index6
Low (44.2)
HOUSING
Total HU (Housing Units)
117,330 (100%)
Owner Occupied HU
65,329 (55.7%)
Renter Occupied HU
40,704 (34.7%)
Vacant Housing Units
11,297 ( 9.6%)
Median Home Value
$203,872
Average Home Value
$253,601
Housing Affordability Index3
105
HOUSEHOLDS
Total Households
106,033
Average Household Size
2.58
Family Households
68,177
Average Family Size
3.00
NOTES
Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.
