hmm...well Waco's crime rate is steadily increasing but if you move here I doubt you'd noticed it, but anyways!

.....I'd suggest not moving to the East Side or South side (Waco has three different areas, East side is the African American neighborhood, very rundown, prostitutes,drugs,gangs,etc.: South side is the the predominant hispanic area, that side basically has the same problems as the East side) I would suggest North side, they have some very nice homes, and nice people. The local high schools suck, expecially Waco High, but I would suggest probably moving over in the area by the Richland Mall,Hewitt,or Woodway.
What type of business are you trying to start?