Wichita, KS Economy


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Wichita, KS is a great place to live with an affordable cost of living. The average 2 bedroom rent in Wichita is only $1,000 compared to the US average of $1,430. Grocery costs are also lower than the national index at 95 versus 100 in the US. There are plenty of things to do and companies in Wichita including Koch Industries, Cargill, Coleman Company and Textron Aviation. With a low cost of living and plenty of job opportunities, Wichita makes a great place to call home.

Wichita has an unemployment rate of 5.9%. The US average is 6.0%.

Wichita has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.

Tax Rates for Wichita
- The Sales Tax Rate for Wichita is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Wichita is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wichita
- The average income of a Wichita resident is $24,921 a year. The US average is $28,555 a year.
- The Median household income of a Wichita resident is $56,374 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWichita, KansasUnited States
  5.96
  -4.0%-6.2%
  24.3%33.5%
  7.5%6.2%
  5.7%4.6%
  $31,558$37,638
  $56,374$69,021
  $72,173$85,028
  Population by Occupation
  0.5%1.2%
  0.3%0.5%
  6.6%6.8%
  17.3%10.0%
  2.4%2.5%
  11.2%11.0%
  3.8%4.8%
  0.5%0.8%
  1.3%1.9%
  3.1%4.7%
  1.6%1.9%
  5.2%7.6%
  0.2%0.1%
  4.6%4.2%
  8.6%9.3%
  14.7%14.0%
  1.8%2.1%
  7.9%7.0%
  4.5%4.8%
  3.7%4.7%
Reviews for Wichita
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Grew up there in the 80s and moving back. It's very true about the feel-good blue skies and the friendliness of the communities. Wichita is perfect for those who want  More

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My comparison is to living in AZ, CO, NE & WY. Wichita is a nice city with a lot to do. It has history, art, live music, breweries, plenty of biking and walking trails.  More

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Over 4 years ago

I lived in Wichita for several years and it was a great place to live, low crime for such a large city. Very diverse, lots to do, plenty of jobs and beautiful  More

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