A
Overall 19%
Goods & Services 12%
Housing 41%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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 living8191100
Goods & Services8895100
Groceries8690100
Health care10097100
Housing5983100
Transportation8694100
Utilities103102100

Key findings

  • The cost of living in Wichita Falls is 11% lower than the Texas average
  • The cost of living in Wichita Falls is 19% 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

      This is how much you would need to earn in
      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)
      Owners$59,560$4,963$1,390$1,787
      Renters$29,163$2,430$680$875
      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
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%

      Goods & Services

      ItemWichita FallsNational avg.Difference
      Haircut $11.99$17.4931.4%
      Beauty Salon $25.99$38.1731.9%
      Toothpaste $1.96$2.3215.6%
      Shampoo $0.78$1.0122.9%
      Movie $10.55$10.721.6%
      Bowling $11.00$13.8620.6%

      Groceries

      ItemWichita FallsNational avg.Difference
      Ground Beef $2.31$3.9040.8%
      Fried Chicken $0.97$1.4030.5%
      Milk $1.67$1.9614.9%
      Potatoes $2.47$3.1822.4%
      Pizza $9.19$10.3911.6%
      Beer $8.77$9.235.0%

      Health Care

      ItemWichita FallsNational avg.Difference
      Optometrist $120.00$106.3412.8%
      Doctor $102.50$115.2511.1%
      Dentist $104.00$98.385.7%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $508.67$466.479.0%

      Housing

      ItemWichita FallsNational avg.Difference
      Home Price $94,300.00$184,700.0048.9%
      Avg. Mortgage Payment $1,198.18$1,273.325.9%
      Apartment Rent $747.00$949.0021.3%

      Transportation

      ItemWichita FallsNational avg.Difference
      Gasoline $2.34$2.599.7%
      Tire Balancing $40.00$48.9018.2%

      Utilities

      ItemWichita FallsNational avg.Difference
      All Electricity$175.02$167.604.4%
      Phone $181.89$163.4211.3%
      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, TX1,58076-24%
      Iowa Park, TX6,39080-20%
      Burkburnett, TX11,04682-18%
      Pleasant Valley, TX38082-18%
      Dean, TX54585-15%
      Wichita Falls, TX105,01381-19%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      West Palm Beach, FL104,9781044%
      Green Bay, WI104,95186-14%
      Broken Arrow, OK104,86993-7%
      College Station, TX104,68496-4%
      Boulder, CO105,42014242%
      Wichita Falls, TX105,01381-19%
      Source: The Wichita Falls, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.