Cost of Living,
Wichita's Real Estate Market
Wichita Metro Area
Profile: Mid-sized city Location: South-central Kansas along the Arkansas River Elevation: 1340 Time zone: Central Standard Time
|Cost of living||Harsh climate|
|Attractive downtown||Economic cycles|
|Arts & culture||Isolation|
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It may surprise some, but Wichita is the largest city in Kansas (most of Kansas City is in Missouri). Surrounded by wheat fields and oil-industry facilities, this traditional Midwestern city has a diverse agricultural and industrial economy. In part because of its invulnerable central U.S. location, World War II aircraft design and production facilities were located in the area. Today aviation firms like Beech, Cessna (Raytheon), Stearman, Lear (Bombardier), and Boeing all have plants nearby, and there are numerous supporting precision parts and engineering firms in the area.
Downtown Wichita has undergone renewal, and the city center has new and attractive parks and a new convention center along the Arkansas River. Arts and entertainment facilities contribute to a strong community feel. The workforce is relatively well-educated and paid, the Cost of Living Index is very reasonable with good housing values to be found. With 170 miles to Tulsa and 190 miles to Kansas City, residents are mainly dependent on local features. The area ranks consistently well in most categories.
Wichita is mainly flat with trees along the river and its tributaries. The climate is continental. Masses of warm, moist air from the Gulf of Mexico collide with cold, dry air from the Arctic to create a wide range of weather year-round. Summers are usually warm and humid, but can be extremely hot and dry. Winters are usually mild with brief periods of very cold weather and high wind-chill. Summer temperatures above 90 degrees (F) are common, while winter below-zero highs occur about 2 days per year. Seventy percent of precipitation falls from April through September. The range of annual precipitation is notable, with over 50 inches in wet years and less than 15 in dry years. Thunderstorms occur mainly during spring and early summer with potential for damaging rain, hail, winds, and tornadoes.
Interesting Facts about Wichita, Kansas
As of 2014, Wichita's population is 381,176 people. Since 2000, it has had a population growth of 7.37 percent.--------------------
The median home cost in Wichita is $118,700. Home appreciation the last year has been -0.40 percent.--------------------
Compared to the rest of the country, Wichita's cost of living is 13.00% Lower than the U.S. average.--------------------
Wichita public schools spend $13,358 per student. The average school expenditure in the U.S. is $12,435. There are about 14.7 students per teacher in Wichita.--------------------
The unemployment rate in Wichita is 5.60 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Wichita jobs have Increased by 0.30 percent.
Ranked #7 Most Secure Places to Live 2011 (Large Metros)
Ranked #18 Most Secure Places to Live in the U.S. (Large Metro Areas)
Ranked #35 2005 Best Places to Live
Ranked #36 America's Migraine Hot Spots
Ranked #58 America's Most (and Least) Stressful Cities (100 Largest Metro Areas)
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Wichita's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes