Cost of Living in Woodway, TX
Population 9,483 · Texas · Data vintage 2023
(100 = US avg)
Woodway sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 5 miles southwest of Waco, Woodway falls within that metro's commuting orbit. Median home values run roughly 68% higher than Waco's $200,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Woodway
The median home value in Woodway is $336,100 — 10% above the national median of $305,000. Median rent runs $1,748/month, 33% higher than the national median of $1,314/month. The median household income of $115,729/year is 55% higher than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.6°F and lows of 55.6°F. Overall, Woodway has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.
Woodway has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 59 | 63 | 70 | 78 | 85 | 93 | 97 | 97 | 91 | 81 | 69 | 60 |
| Low °F | 36 | 40 | 47 | 55 | 63 | 71 | 74 | 74 | 67 | 56 | 46 | 38 |
| Precip" | 2.59 | 2.68 | 3.31 | 3.30 | 4.44 | 3.35 | 1.82 | 2.05 | 2.87 | 4.41 | 2.71 | 2.87 |
| Snow" | 0.0 | 0.4 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Woodway, TX?
Woodway has a cost index of 119 (100 = national average). It is 19% above the national average.
What is average rent in Woodway, TX?
The median gross rent in Woodway is $1,748 per month based on 2023 Census data.
What is the average home price in Woodway?
The median home value in Woodway is $336,100 according to Zillow and Census data.
What is the median income in Woodway?
The median household income in Woodway is $115,729 per year (2023 ACS 5-year estimates).
What is the sales tax in Woodway, TX?
The combined state and local sales tax rate in Woodway is 8.2%. Texas has no state income tax.
Is Woodway, TX affordable?
Woodway is above average in cost of living, with an index of 119 — about 19% higher than the national average.
What is the weather like in Woodway?
Woodway has average high temperatures of 78.6°F and average lows of 55.6°F. Annual precipitation is 36.4". Average annual snowfall is 0.7". Data from NOAA 1991–2020 Climate Normals.
Woodway at a Glance
- Population
- 9,483
- Median Income
- $115,729
- Home Value
- $336,100
- Median Rent
- $1,748/mo
- Unemployment
- 3.2%
- Avg High Temp
- 78.6°F
- Sales Tax
- 8.2%
Nearby Cities
Explore county-level cost of living data
Texas Rankings
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