Cost of Living in Wichita Falls, TX
Population: 102,558 • 2026 Data
$58,568
Median Household Income
-24% vs national
$978
Median Monthly Rent
-27% vs national
$142,600
Median Home Value
-58% vs national
3.1%
Unemployment Rate
Housing in Wichita Falls
The median home value in Wichita Falls, TX is $142,600. Monthly rent for a typical unit averages $978, while total monthly housing costs (including utilities and insurance) average $981.
Rent-to-income ratio: 20.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Wichita Falls, TX is $58,568. The unemployment rate stands at 3.1%, with a labor force of 52,493 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.