Wichita Falls, TX is a great city for people looking for an affordable place to live. Its average two bedroom rent is $980, which is nearly $450 cheaper than the US average of $1,430. This makes it an affordable option for people who want to enjoy everything the city has to offer. Apart from that, Wichita Falls also has a lower Grocery Cost Index (90) compared to the US index (100).
The city is home to many local companies that provide various services such as oil production and refining, manufacturing and agricultural products. Sheppard Air Force Base also runs out of this city and provides great employment opportunities for citizens in this area. There are also many recreation centers such as Lake Arrowhead State Park and Castaway Cove Waterpark that attract tourists from all across the country.
Compared to other cities, Wichita Falls offers an amazing cost of living with relatively low rental prices and grocery costs. This makes it a great choice for those who want to save money while still enjoying the amenities offered by a big city life!
Wichita Falls has an unemployment rate of 6.9%. The US average is 6.0%.
Wichita Falls has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Wichita Falls
- The Sales Tax Rate for Wichita Falls is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Wichita Falls is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wichita Falls
- The average income of a Wichita Falls resident is $26,434 a year. The US average is $37,638 a year.
- The Median household income of a Wichita Falls resident is $50,856 a year. The US average is $69,021 a year.