Cost of Living in Wichita Falls, TX
Cost of Living in Wichita Falls, TX has an overall index of 74, 26% below the U.S. baseline of 100. The typical home value is $142,600; typical monthly rent is $978; and median household income is $58,568.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Other Texas cities with a useful tradeoff.
Recommendations require usable housing and income data and exclude very small places for a city of this scale.
Frequently asked questions about Wichita Falls
Living in Wichita Falls
Is Wichita Falls, TX an affordable place to live?+
Yes — everyday expenses in Wichita Falls run about 26% below the US average (Cost Index: 74). Housing is especially affordable: the median home is valued around $142,600, compared to the $303,400 national median. Monthly rent is $978, versus $1,348 nationally.
How does Wichita Falls fit a household housing budget?+
Start with housing. Typical monthly rent is $978, while local median household income is $58,568. That implies a rent-burden proxy of about 20% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Wichita Falls, TX?+
This model applies no broad Texas wage-income tax. Applying the 1.6% state-level effective owner-occupied proxy to a home worth $142,600 gives a planning estimate near $2,282 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.19%.
How much does it cost to rent in Wichita Falls, TX?+
The typical monthly rent in Wichita Falls is around $978. That's roughly 27% lower than the $1,348 national median. For comparison, the median home value here is $142,600, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Wichita Falls, TX?+
The typical home value in Wichita Falls is $142,600. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $692/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 57% of residents here own their homes.
Are groceries and utilities expensive in Wichita Falls?+
Grocery prices in Wichita Falls are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 84). Both help keep your monthly expenses lower than in many parts of the country.
What is Wichita Falls, TX like to live in?+
Wichita Falls is a mid-sized city with a population of about 102,558. The median age of residents is 33, which is close to the national median. The local poverty rate is 17.43%, above the national average of 12.4%.