| Index | Wichita Falls | Texas | National |
| Cost of living | 89 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 98 | 98 | 100 |
| Housing | 68 | 83 | 100 |
| Transportation | 94 | 98 | 100 |
| Utilities | 107 | 103 | 100 |
| Lifestyle & Entertainment | 95 | 98 | 100 |
| Household Items | 100 | 98 | 100 |
| Education & Childcare | 93 | 98 | 100 |
The cost of living in Wichita Falls affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Wichita Falls is 89, which is 11% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The real experts on a city are its residents. That's why we reached out to 7 locals to get their views on the cost of living in Wichita Falls. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 57% found it budget-friendly with decreasing prices, while 43% said it's simply not affordable as prices have continued to rise.
Wondering if Wichita Falls is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Wichita Falls, for example, the median home price is 41% lower than what folks pay nationally, and monthly rent is 12.4% lower than the usual rates. Plus, income levels matter too, with Wichita Falls boasting a median household income of $69,932, which is 14% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Wichita Falls, the utilities index is 6.9% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Wichita Falls, healthcare costs are 2.1% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Wichita Falls, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.
The Wichita Falls cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $96,160 | $8,013 | $2,244 | $2,885 |
| Renters | $51,387 | $4,282 | $1,199 | $1,542 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Burkburnett, TX | 11,644 | 87 | 12.5% |
| Holliday, TX | 1,731 | 88 | 11.7% |
| Iowa Park, TX | 6,568 | 89 | 11.4% |
| Cashion Community, TX | 253 | 91 | 8.9% |
| Dean, TX | 473 | 92 | 8.4% |
| Wichita Falls, TX | 107,943 | 89 | 11.2% |
| City | Population | Cost of Living Index | National Avg. |
| Red Deer, AB | 107,873 | n/a | |
| Columbia, MD | 107,798 | 138 | 37.9% |
| Norwalk, CA | 107,725 | 152 | 52.3% |
| League City, TX | 107,571 | 113 | 12.7% |
| Allen, TX | 107,542 | 122 | 21.7% |
| Wichita Falls, TX | 107,943 | 89 | 11.2% |
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