Moving to Waco: Pros, Cons & What to Know

Moving to Waco means moving to a real college town of roughly 146,000-149,000 people built around Baylor University, with a genuinely revitalized, tourism-driven downtown -- not a generic mid-size Texas city. It sits in McLennan County, along I-35 roughly halfway between Dallas-Fort Worth and Austin.

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A college town with an outsized university relative to its size

Baylor University enrolls 20,626 students (14,915 undergraduate, 5,711 graduate) inside a city of roughly 146,000-149,000 residents (Baylor Institutional Research; WorldPopulationReview 2026). That's a large enough share to shape traffic patterns, rental demand near campus, and the local economy around the academic calendar in a way a similarly sized non-college city wouldn't experience.

I-35 corridor location -- roughly midway between Dallas-Fort Worth and Austin

Waco sits directly on I-35, making it a genuine midpoint stop between two of Texas's largest metros -- a real locational fact relevant to anyone weighing a move here against commuting to either metro (neither is a realistic daily commute from Waco, but both are within a comfortable weekend-trip distance).

A downtown that looks meaningfully different than it did a decade ago

Magnolia Market at the Silos, built by Chip and Joanna Gaines on the fame of HGTV's "Fixer Upper," turned downtown Waco into a real, sustained tourism destination starting in 2015-2016 -- Waco has averaged over two million visitors a year since, with 2018 alone drawing an estimated 2.7 million (Waco Tribune-Herald). Movers arriving today should expect a downtown with genuine restaurant, retail, and renovated-historic-building activity that didn't exist at this scale a decade ago, concentrated specifically in and around the Silo District.

Two hospital systems, not one, serve the city

Baylor Scott & White Hillcrest Medical Center and Ascension Providence Hospital both operate in Waco, each with specific U.S. News-recognized high-performing service lines, giving movers a choice of regional healthcare systems rather than a single-hospital-town situation (see healthcare-safety topic).

Key takeaways

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Last reviewed: 2026-08-22. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.