Here's what it costs to live in Wichita Falls, Texas, based on the latest US government data. Renters pay a median of $978 per month, while the typical home is valued around $142,600. Households earn a median of $58,568 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$58,568
Annual · Census ACS
Median Gross Rent
$978
Per month · Census ACS
Median Home Value
$142,600
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$831
HUD Fair Market Rent
1BR Fair Market Rent
$925
HUD FMR
2BR Fair Market Rent
$1,136
HUD FMR
3BR Fair Market Rent
$1,553
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
102,558
Latest estimate
Median Age
33 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Wichita Falls?
The cost of living index for Wichita Falls is not yet available in our database.
What is the median rent in Wichita Falls?
The median gross rent in Wichita Falls is $978 per month according to US Census ACS data.
What is the median household income in Wichita Falls?
The median household income in Wichita Falls is $58,568 per year.
What is the median home value in Wichita Falls?
The median home value in Wichita Falls is $142,600 based on the latest Census ACS survey.
How is the air quality in Wichita Falls?
Air quality data for Wichita Falls is not yet available.
What are the taxes like in Wichita Falls?
Texas has no state income tax on wages and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology