Waco vs Belgrade for Veterans (2026)
Scroll down for VA loan estimates, military pension tax details, and FAQ.
Your move simulator
Slide to match your household — estimates combine take-home, rent, and groceries.
Estimated annual swing
+$1,992/yr
Favoring Waco for this income & household (illustrative).
With the extra $166/mo, you could pay down a $15,000 card balance in ~91 months and still keep ~$20/mo for dining out.
While you're comparing — don't leave money on the table.
Tax savings → cash back
Waco saves ~$584/mo in taxes — stack rewards on top
Maximize cash back on groceries, dining, and transit — categories that grow after a move.
High-yield savings
Grow your move fund while rates are high
Even $166/mo extra earns meaningfully at 4–5% APY vs near-zero in checking.
Home + auto bundle
New state — compare rates before you sign
Moving to Waco resets your insurance profile. Bundling home + auto often saves 15–25%.
Veterans cost breakdown
| Metric | Waco Texas | Belgrade Belgrade |
|---|---|---|
| 1BR rent / month | $1,000 | $550Better |
| Median home price | $210K | — |
| State income tax on pension | NoneBetter | 10% |
| Sales tax | 8.3%Better | 20% |
| Monthly utilities | $172 | $80Better |
| Military retire pay rent burden | 34% | 21%Better |
| Walk score | 22 / 100 | 65 / 100Better |
| Overall COL index | 83 | 45Better |
Your biggest money opportunities based on this comparison.
Pension tax savings
Waco saves ~$292/mo on military pension
No-tax states are a significant advantage on fixed military retirement income. Park the difference in a high-yield savings account.
COL advantage
Belgrade stretches VA disability pay ~46% further
More purchasing power means more left to invest. Compare brokerage accounts and IRAs.
While you're comparing — don't leave money on the table.
Mortgages
See what you can afford in Belgrade
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Belgrade homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Which city is better for veterans — Waco or Belgrade?
For veterans, the cities are comparable based on tax burden on military pension, home affordability with VA loans, and walkability. Waco has no state income tax on military pensions, which is a significant advantage. Belgrade is more affordable overall, which matters when living on a fixed military retirement income.
Is military retirement pay taxed in Waco and Belgrade?
As of 2026, Texas does not tax military retirement pay. Belgrade taxes military retirement pay at 10%. This is important because federal law does not tax VA disability compensation, but military pension IS subject to state income tax in most states. The difference on a $35K pension is roughly $292/month — or $3,504/year.
Can a veteran afford to buy a home in Waco with a VA loan?
VA loans require no down payment, making homeownership more accessible for veterans. A VA loan on a $210K home in Waco would run approximately $1,397/month at a 7% rate — that's 48% of the average military retirement take-home of $2,917/month. That's manageable on military retirement pay with careful budgeting.
How far does VA disability pay go in Waco vs Belgrade?
VA disability compensation is tax-exempt at the federal level, and most states also exempt it from state income tax. 100% P&T disability pay is approximately $3,737/month in 2026. In Belgrade (COL index 44.8), that $3,737 has the purchasing power of $8,342 in a 100-index (average US) city — effectively stretching further than in a higher-cost market.
Which city is more walkable and accessible for veterans with disabilities?
Belgrade has a higher walk score (65 vs 22), meaning more daily errands, medical appointments, and services are accessible on foot or via transit. High walkability reduces car dependence — particularly valuable for veterans with mobility limitations or vision impairments. Walk scores above 70 are considered "very walkable."
A $35,000/year military pension in Waco has the same purchasing power as $19K/year in Belgrade based on relative cost of living indexes.
Military retirement pay estimate based on 20-year E-7 equivalent (~$35,000/year). VA disability figures based on 2026 VA rating tables. State tax treatment of military pensions varies; verify your state's specific rules. Data: VA, Tax Foundation, Zillow, BLS · Q1 2026