Rochester vs Waco for Retirees (2026)
Scroll down for retirement income tax breakdown, healthcare estimates, and FAQ.
Full retirement cost breakdown
| Metric | Rochester Minnesota | Waco Texas |
|---|---|---|
| 1BR rent / month | $1,400 | $1,000Better |
| Median home price | $290K | $210KBetter |
| State income tax | 9.9% | NoneBetter |
| Sales tax (combined) | 7.5%Better | 8.3% |
| Monthly utilities | $168Better | $172 |
| Groceries index (US = 100) | 100 | 92Better |
| Est. healthcare / month | $470 | $415Better |
| Walk score (0–100) | 38 / 100Better | 22 / 100 |
| Overall COL index (100 = US avg) | 94 | 83Better |
Frequently asked questions
Which city is better for retirement — Rochester or Waco?
Based on home prices, taxes on retirement income, walkability, and overall cost of living, Waco scores better for retirees. Median home prices are $290K in Rochester vs $210K in Waco. Waco is approximately 12% cheaper overall. The best choice still depends on climate, healthcare access, and proximity to family.
Is retirement income taxed in Rochester or Waco?
Texas has no state income tax, meaning Social Security, pension, and retirement account withdrawals are not subject to state tax. Minnesota has a 9.9% state income tax rate. For retirees, this difference can save thousands annually.
What is the estimated monthly healthcare cost in Rochester vs Waco?
Based on national average retiree healthcare spending (~$500/month) scaled by each city's cost-of-living index, estimated monthly healthcare costs are approximately $470 in Rochester and $415 in Waco. That's a difference of ~$55/month, or ~$660/year. Actual costs vary based on your Medicare plan, supplements, and health needs.
Can I afford to retire in Rochester on a $50,000 annual income?
On a $50,000/year ($4,167/month) retirement income in Rochester, rent alone would consume approximately 34% of your budget (1BR rent ~$1,400/mo) and healthcare another ~11%. That leaves roughly 55% (~$2,292/mo) for groceries, transportation, and other expenses. This is tight — a studio apartment or lower-cost neighborhood would help.
Which city is more walkable for retirees?
Rochester has a higher walk score (38 vs 22 out of 100). Walkability is increasingly important for retirees who want to reduce car dependence — a score above 70 means most daily errands can be done on foot. Rochester offers more independence without a car, which also reduces transportation costs.
$50K/year in Rochester has the same purchasing power as $44K/year in Waco
Healthcare estimates based on national avg retiree spending (~$500/mo) scaled by COL index · State income tax rates from Tax Foundation · Data: Zillow, BLS, Numbeo · Q1 2026