Wichita Falls cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWichita FallsTexasNational
Cost of living index8190100
IndexWichita FallsTexasNational
Goods & Services index9094100
Groceries index8889100
Health care index9895100
Housing index6081100
Transportation index8693100
Utilities index9195100
The above illustration supplies generalized information for the Wichita Falls, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Wichita Falls, TX is 81, which is 10% lower than the Texas average and 19% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Wichita Falls, TX are 5% lower than the average for Texas and 11% lower than the rest of the country.

Did you know?

  • The cost of living in Wichita Falls is 10% lower than the Texas average.
  • The cost of living in Wichita Falls is 19% lower than the national average.
  • The cost of housing in Wichita Falls is 40% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Wichita Falls, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Wichita Falls, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Wichita Falls, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Wichita Falls, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,527$4,794$1,342$1,726
Renters$30,825$2,569$719$925
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Wichita Falls, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Wichita Falls, TX homeowners have a median income of $57,527. Using that number, you will come up with a maximum of $1,342 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $30,825, which means there is a maximum of $719 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Wichita Falls, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemWichita FallsNational avg.Difference
Haircut $12.75$15.5618.1%
Beauty Salon $29.90$36.1117.2%
Toothpaste $1.93$2.4722.1%
Shampoo $0.77$0.9620.2%
Movie $10.52$10.133.8%
Bowling $3.65$4.7422.9%

Groceries

ItemWichita FallsNational avg.Difference
Ground Beef $3.76$3.985.5%
Fried Chicken $1.06$1.4124.9%
Milk $1.57$2.0623.9%
Potatoes $2.30$2.9823.0%
Pizza $7.99$9.4715.6%
Beer $8.48$8.793.6%

Health Care

ItemWichita FallsNational avg.Difference
Optometrist $103.21$101.042.1%
Doctor $95.94$107.4410.7%
Dentist $92.67$90.422.5%
Ibuprofen $8.20$9.2811.7%
Lipitor $443.12$426.503.9%

Housing

ItemWichita FallsNational avg.Difference
Home Price $92,000.00$175,700.0047.6%
Avg. Mortgage Payment $850.66$1,133.2324.9%
Apartment Rent $731.00$920.0020.5%

Transportation

ItemWichita FallsNational avg.Difference
Gasoline $1.77$1.9911.4%
Tire Balancing $36.87$45.7619.4%

Utilities

ItemWichita FallsNational avg.Difference
All Electricity$174.71$163.816.7%
Phone $20.00$28.3929.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Holliday, TX1,71777-23%
Iowa Park, TX6,37581-19%
Burkburnett, TX10,91582-18%
Pleasant Valley, TX35882-18%
Jolly, TX14884-16%
Wichita Falls, TX104,77181-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Everett, WA104,70811212%
Temecula, CA104,95513030%
Green Bay, WI104,57489-11%
Burbank, CA104,48416060%
Palm Bay, FL104,34294-6%
Wichita Falls, TX104,77181-19%
Source: The Wichita Falls, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.