Cost of Living in Wichita Falls, Texas
Wichita Falls has a population of about 102,581. The median household income is $60,177, median gross rent is $1,022/month, and the median home value is $156,800. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Wichita Falls expensive to live in?
Compared with the national median in this dataset, rent in Wichita Falls is 38% below the national median and home values are 58% below the national median. Household income here is 28% below the national median. Monthly rent represents roughly 20% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Wichita Falls?
The median gross rent in Wichita Falls, Texas is $1,022 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Wichita Falls?
The median owner-occupied home value in Wichita Falls is $156,800 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Wichita Falls?
The median household income in Wichita Falls is $60,177 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.