Waco is located close to the center of Texas. Waco is between the Mclennan, Falls county. Waco has 88.96 square miles of land area and 12.30 square miles of water area. As of 2010-2014, the total Waco population is 127,796, which has grown 12.37% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is higher than the national average rate of 11.61%. Waco median household income is $32,864 in 2010-2014 and has grown by 25.13% since 2000. The income growth rate is lower than the state average rate of 31.68% and is lower than the national average rate of 27.36%. Waco median house value is $92,500 in 2010-2014 and has grown by 73.55% since 2000. The house value growth rate is higher than the state average rate of 59.27% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Waco is worse than the state average in quality. The Waco area code is 254.