Cost of Living in Wichita Falls, TX
2024 data from the Bureau of Economic Analysis
Cost Index
89.5
10.5% below avg
Housing Index
68.2
Median Income
$60,641
Median Rent
$929/mo
Cost Breakdown
Overall89.5 (-10.5%)
Housing68.2 (-31.8%)
Goods93.8 (-6.2%)
Utilities84.1 (-15.9%)
Other Services96.2 (-3.8%)
National average = 100
Income & Housing
Median Household Income
$60,641/year
Median Home Value
$131,500
Median Monthly Rent
$929/mo
Per Capita Income
$31,592/year
Compare Wichita Falls, TX With
Wichita Falls, TX vs Altoona, PAWichita Falls, TX vs Longview, TXWichita Falls, TX vs Columbia, MOWichita Falls, TX vs Canton, OHWichita Falls, TX vs Kokomo, INWichita Falls, TX vs Little Rock, ARWichita Falls, TX vs Lynchburg, VAWichita Falls, TX vs Lima, OHWichita Falls, TX vs Montgomery, ALWichita Falls, TX vs Columbus, GA
Frequently Asked Questions
Is Wichita Falls, TX expensive to live in?
Wichita Falls, TX has a cost of living index of 89.5, which is 10.5% below the national average.
How much does housing cost in Wichita Falls, TX?
Housing costs in Wichita Falls, TX are indexed at 68.2 compared to the national average of 100. The median monthly rent is $929.
What is the average income in Wichita Falls, TX?
The median household income in Wichita Falls, TX is $60,641 per year.
What is the average home price in Wichita Falls, TX?
The median home value in Wichita Falls, TX is $131,500.