Discretionary Income in Waco, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Waco, TX is ranked 20th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Waco, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,364
Discretionary Income
$3,781
With a gross annual salary of $100,000 in Waco, TX, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Waco is $3,364, you would have around $3,781 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Waco, TX, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Waco, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Waco, TX |
|---|---|
| $30,000 | -$1,007 |
| $40,000 | -$274 |
| $50,000 | $460 |
| $60,000 | $1,181 |
| $70,000 | $1,831 |
| $80,000 | $2,481 |
| $90,000 | $3,131 |
| $100,000 | $3,781 |
| $110,000 | $4,430 |
| $120,000 | $5,063 |
| $130,000 | $5,696 |
| $140,000 | $6,330 |
| $150,000 | $6,963 |
| $175,000 | $8,546 |
| $200,000 | $10,103 |
| $250,000 | $12,924 |
| $300,000 | $15,632 |
| $350,000 | $18,340 |
| $400,000 | $21,049 |
| $450,000 | $23,757 |
| $500,000 | $26,465 |
Discretionary Income in Waco, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Waco, TX is ranked 12th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Waco, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,189
Discretionary Income
$4,956
With a gross annual salary of $100,000 in Waco, TX, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Waco is $2,189, singles would have around $4,956 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Waco, TX, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Waco, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Waco, TX |
|---|---|
| $30,000 | $168 |
| $40,000 | $901 |
| $50,000 | $1,635 |
| $60,000 | $2,356 |
| $70,000 | $3,006 |
| $80,000 | $3,656 |
| $90,000 | $4,306 |
| $100,000 | $4,956 |
| $110,000 | $5,605 |
| $120,000 | $6,238 |
| $130,000 | $6,871 |
| $140,000 | $7,505 |
| $150,000 | $8,138 |
| $175,000 | $9,721 |
| $200,000 | $11,278 |
| $250,000 | $14,099 |
| $300,000 | $16,807 |
| $350,000 | $19,515 |
| $400,000 | $22,224 |
| $450,000 | $24,932 |
| $500,000 | $27,640 |
Discretionary Income in Waco, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Waco, TX is ranked 15th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Waco, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,284
Discretionary Income
$3,861
With a gross annual salary of $100,000 in Waco, TX, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Waco is $3,284, couples would have around $3,861 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Waco, TX, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Waco, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Waco, TX |
|---|---|
| $30,000 | -$927 |
| $40,000 | -$193 |
| $50,000 | $540 |
| $60,000 | $1,261 |
| $70,000 | $1,911 |
| $80,000 | $2,561 |
| $90,000 | $3,211 |
| $100,000 | $3,861 |
| $110,000 | $4,510 |
| $120,000 | $5,143 |
| $130,000 | $5,777 |
| $140,000 | $6,410 |
| $150,000 | $7,043 |
| $175,000 | $8,627 |
| $200,000 | $10,183 |
| $250,000 | $13,004 |
| $300,000 | $15,712 |
| $350,000 | $18,421 |
| $400,000 | $21,064 |
| $450,000 | $23,689 |
| $500,000 | $26,314 |
Discretionary Income in Waco, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Waco, TX is ranked 22nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Waco, TX
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,278
Discretionary Income
$4,128
With a gross annual salary of $100,000 in Waco, TX, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Waco is $3,278, single parents would have around $4,128 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Waco, TX, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Waco, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Waco, TX |
|---|---|
| $30,000 | -$855 |
| $40,000 | -$111 |
| $50,000 | $623 |
| $60,000 | $1,356 |
| $70,000 | $2,089 |
| $80,000 | $2,823 |
| $90,000 | $3,478 |
| $100,000 | $4,128 |
| $110,000 | $4,778 |
| $120,000 | $5,422 |
| $130,000 | $6,055 |
| $140,000 | $6,688 |
| $150,000 | $7,322 |
| $175,000 | $8,905 |
| $200,000 | $10,488 |
| $250,000 | $13,341 |
| $300,000 | $16,054 |
| $350,000 | $18,763 |
| $400,000 | $21,471 |
| $450,000 | $24,179 |
| $500,000 | $26,888 |
Discretionary Income in Waco, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Waco, TX is ranked 25th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Waco, TX
Gross Salary
$8,333
Taxes
$686
Cost of Living
$4,705
Discretionary Income
$2,942
With a gross annual salary of $100,000 in Waco, TX, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Waco is $4,705, families would have around $2,942 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Waco, TX, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Waco, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Waco, TX |
|---|---|
| $30,000 | -$2,224 |
| $40,000 | -$1,474 |
| $50,000 | -$725 |
| $60,000 | $9 |
| $70,000 | $742 |
| $80,000 | $1,475 |
| $90,000 | $2,209 |
| $100,000 | $2,942 |
| $110,000 | $3,675 |
| $120,000 | $4,385 |
| $130,000 | $5,035 |
| $140,000 | $5,685 |
| $150,000 | $6,335 |
| $175,000 | $7,960 |
| $200,000 | $9,585 |
| $250,000 | $12,782 |
| $300,000 | $15,949 |
| $350,000 | $19,116 |
| $400,000 | $22,228 |
| $450,000 | $25,062 |
| $500,000 | $27,870 |