Wichita Falls, TX Cost Of Living
Cost Of Living In Wichita Falls, TX Summary
Cost of living in Wichita Falls research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Wichita Falls is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Wichita Falls is 83, with 100 being the average.
The cost of living index in Wichita Falls is 0.8x lower than the national average.
Wichita Falls ranks as the #96 cheapest in Texas out of 405.
Wichita Falls ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Wichita Falls is $109,000.
The median income in Wichita Falls is $50,856.
Table Of Contents
Wichita Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wichita Falls, TX?
According to the most recent data on the cost of living, Wichita Falls has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Wichita Falls has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Wichita Falls ranks as #96 most affordable out of the 405 places we measured in Texas. By definition, that implies Wichita Falls ranks as the #309 most expensive place in the Lone Star State.
For more reading on life in Wichita Falls, check out:
- Living In Wichita Falls
- Wichita Falls Crime Report
- Search Homes For Sale In Wichita Falls, TX
In Texas
In America
Wichita Falls Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Wichita Falls. Here is how it fairs on each of the criteria:
The Services index in Wichita Falls is 88.
The Groceries index in Wichita Falls is 91.
The Health index in Wichita Falls is 98.
The Housing index in Wichita Falls is 60.
The Transportation index in Wichita Falls is 88.
The Utilities index in Wichita Falls is 109.
| Living Expense | Wichita Falls | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 88 | 96 | 100 | |
| Groceries | 91 | 93 | 100 | |
| Health | 98 | 93 | 100 | |
| Housing | 60 | 84 | 100 | |
| Transportation | 88 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
Wichita Falls, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Wichita Falls is $109,000.
The Median Rent in Wichita Falls is $869.
The Median Income in Wichita Falls is $50,856.
The Home Value To Income in Wichita Falls is 2.1x.
The Rent To Monthly Income in Wichita Falls is 0.21x.
| Statistic | Wichita Falls | Texas | United States |
|---|---|---|---|
| Median Home Value | $109,000 | $202,600 | $244,900 |
| Median Rent | $869 | $1,146 | $1,163 |
| Median Income | $50,856 | $67,321 | $69,021 |
| Home Value To Income | 2.1x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Wichita Falls, TX Costs By Category
Detailed Wichita Falls Services Costs Vs. Texas
| Item | Wichita Falls | Texas |
|---|---|---|
| Shampoo | $0.98 | $1.06 |
| Movie | $10.25 | $10.68 |
| Bowling | $11.67 | $14.67 |
| Haircut | $13.37 | $18.62 |
| Beauty Salon | $28.55 | $39.05 |
Detailed Wichita Falls Groceries Costs Vs. Texas
| Item | Wichita Falls | Texas |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.01 | $1.39 |
| Milk | $1.82 | $2.05 |
| Potatoes | $2.56 | $3.29 |
| Pizza | $10.0 | $10.62 |
| Beer | $10.1 | $9.38 |
| Toothpaste | $2.45 | $2.34 |
Detailed Wichita Falls Health Costs Vs. Texas
| Item | Wichita Falls | Texas |
|---|---|---|
| Optometrist | $125.33 | $108.57 |
| Doctor | $103.33 | $116.17 |
| Dentist | $95.33 | $99.13 |
Detailed Wichita Falls Transportation Costs Vs. Texas
| Item | Wichita Falls | Texas |
|---|---|---|
| Gasoline | $1.87 | $2.22 |
| Tire Balancing | $46.0 | $50.07 |
Detailed Wichita Falls Utilities Costs Vs. Texas
| Item | Wichita Falls | Texas |
|---|---|---|
| All Electricity | $191.86 | $167.67 |
| Phone | $185.48 | $175.64 |
Wichita Falls SnackAbility
/10
Cost Of Living In Cities Around Wichita Falls
The cost of living varies in the cities and towns around Wichita Falls. Here's a quick look at the cost of living in the most populous nearby places:
Lawton, OK has a cost of living index of 88, 1.1x Wichita Falls.
Lakeside, VA has a cost of living index of 99, 1.2x Wichita Falls.
Burkburnett, TX has a cost of living index of 84, 1.0x Wichita Falls.
| City | Population | Cost Of Living | Vs. Wichita Falls |
|---|---|---|---|
| Lawton, OK | 91,247 | 88 | 1.1x |
| Lakeside, VA | 12,690 | 99 | 1.2x |
| Burkburnett, TX | 10,851 | 84 | 1.0x |
| Vernon, TX | 10,206 | 78 | 0.9x |
| Iowa Park, TX | 6,470 | 82 | 1.0x |
