Waco is a larger medium-sized city located in the state of Texas. With a population of 143,984 people and 37 associated neighborhoods, Waco is the 25th largest community in Texas.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.43% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Waco is a nice balance between life in a moderately big city and the interesting diversions and culture that come from having a big college student population. The thousands of students who arrive on campus every fall will find that Waco has plenty of amenities and opportunities for them, while residents of Waco enjoy the lectures, music, art, and economic trickle-down that colleges typically provide. "Town and Gown" complement each other in Waco.

Not only is Waco a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a very large population of people who are young, single, educated, and upwardly-mobile. That’s because Waco is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Waco a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.

The overall education level of Waco is somewhat higher than in the average US city of 21.84%: 27.95% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Waco in 2022 was $26,825, which is middle income relative to Texas, and lower middle income relative to the rest of the US. This equates to an annual income of $107,300 for a family of four. However, Waco contains both very wealthy and poor people as well.

Waco is an extremely ethnically-diverse city. The people who call Waco home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waco residents report their race to be White, followed by Black or African-American. Waco also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 30.43% of the city’s residents. Important ancestries of people in Waco include German, Irish, English, Italian, and Scottish.

The most common language spoken in Waco is English. Other important languages spoken here include Spanish and Chinese.