Zip 76306 (Wichita Falls, TX) Cost of Living


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How much do I need to live in Wichita Falls, Texas?
$1,950 / month
for a family, 63.9% less expensive than the national average A total of $23,400 for the year for a family.
$2,667 / month
for a single person, 44.1% less expensive than the national average A total of $32,000 for the year for a single person.

Wichita Falls cost of living score
76.3
Less expensive
23.7% lower
than the US average
19.0% lower
than the Texas average
Wichita Falls (zip 76306), Texas gets a BestPlaces Cost of Living score of 76.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.7% lower than the U.S. average and 19.0% higher than the average for Texas.

Zip 76306 (Wichita Falls, TX)

Housing costs in Wichita Falls?
A typical home costs $121,300, which is 64.1% less expensive than the national average of $338,100 and 59.2% less expensive than the average Texas home, at $297,600. Renting a two-bedroom unit in Wichita Falls costs $980 per month, which is 23.4% cheaper than the national average of $1,280 and 4.1% more than the state average of $940.

Can I afford Wichita Falls?
To live comfortably in Wichita Falls (zip 76306), Texas, a minimum annual income of $23,400 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Wichita Falls?
The cost of living in 76306 Wichita Falls, TX is relatively affordable compared to most other parts of the state. The median home value is around $87,000, which is significantly lower than the national median of $184,700. Additionally, the cost of groceries and utilities is generally lower than the national average as well. The area also offers a wide range of housing options for those who are looking to purchase or rent a home. Overall, 76306 Wichita Falls, TX provides residents with an affordable place to live while still having access to the amenities that they need.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWichita FallsTexasUnited States
    Unlock94.2100.0
  88.4  Unlock100.0
    Unlock100.0100.0
  30.2  Unlock100.0
    Unlock$297,600$338,100
  110.1  Unlock100.0
    Unlock103.3100.0
  89.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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