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Wichita Falls, TX

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
46
Very Affordable
Median Home Value
$142,600
National: $426,735
Median Rent
$978/mo
National: $1,527/mo
Household Income
$58,568
National: $84,532
Population
102,558
Purchasing Power
151
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
33 / 100
100 = national average
Rent Index
64 / 100
Overall Index
46
Very Affordable

Wichita Falls Mortgage Calculator

Pre-filled with the local median home value of $142,600 and Texas's property tax rate of 1.6%.

Salary & Purchasing Power

Median household income is $58,568 31% below the national average.

What $58,568 in Wichita Falls Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$192,256+228%
Los Angeles, CA$216,447+270%
Detroit, MI$50,929-13%

Property Tax in Wichita Falls, TX

Est. Annual Property Tax
$2,282
Monthly Impact
$190
Added to your mortgage
Effective Rate
1.60%
National avg: ~1.00%

Texas Tax Overview

Tax TypeTexasNational Avg
Property Tax Rate1.60%1.00%
Top Income Tax RateNo State Income Tax~5.0%
State Sales Tax8.19%~5.0%

Compare Wichita Falls to Another City

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Cost of Living Comparison

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Wichita Falls, TX
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Wichita Falls, TX: 33
Rent Prices
64
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR