Overall 18%
Goods & Services 11%
Housing 41%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexWichita FallsTexasNational
Cost of living8292100
Goods & Services8996100
Health care9795100

Key findings

  • The cost of living in Wichita Falls is 10% lower than the Texas average
  • The cost of living in Wichita Falls is 18% lower than the national average
  • Wichita Falls housing is 41% 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

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Wichita Falls, TX, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Wichita Falls, homeowners have a median income of $59,560. Using that number, a maximum of $1,390 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $29,163, which means there is a maximum of $680 to be spent on the costs of renting a home or apartment.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemWichita FallsNational avg.Difference
      Haircut $13.37$18.6228.2%
      Beauty Salon $28.55$39.0526.9%
      Toothpaste $2.45$2.344.8%
      Shampoo $0.98$1.067.3%
      Movie $10.25$10.684.1%
      Bowling $11.67$14.6720.5%


      ItemWichita FallsNational avg.Difference
      Ground Beef $4.32$4.222.3%
      Fried Chicken $1.01$1.3926.9%
      Milk $1.82$2.0511.3%
      Potatoes $2.56$3.2922.2%
      Pizza $10.00$10.625.9%
      Beer $10.10$9.387.7%

      Health Care

      ItemWichita FallsNational avg.Difference
      Optometrist $125.33$108.5715.4%
      Doctor $103.33$116.1711.1%
      Dentist $95.33$99.133.8%
      Ibuprofen $9.06$9.686.3%
      Lipitor $501.56$466.927.4%


      ItemWichita FallsNational avg.Difference
      Home Price $94,300.00$184,700.0048.9%
      Avg. Mortgage Payment $1,072.07$1,197.4210.5%
      Apartment Rent $747.00$949.0021.3%


      ItemWichita FallsNational avg.Difference
      Gasoline $1.87$2.2215.9%
      Tire Balancing $46.00$50.078.1%


      ItemWichita FallsNational avg.Difference
      All Electricity$191.86$167.6714.4%
      Phone $185.48$175.645.6%
      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, TX1,58078-22%
      Iowa Park, TX6,39082-18%
      Burkburnett, TX11,04683-17%
      Pleasant Valley, TX38084-16%
      Dean, TX54587-13%
      Wichita Falls, TX105,01382-18%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      West Palm Beach, FL104,9781066%
      Green Bay, WI104,95185-15%
      Broken Arrow, OK104,86993-7%
      College Station, TX104,68496-4%
      Boulder, CO105,42014444%
      Wichita Falls, TX105,01382-18%
      Source: The Wichita Falls, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.