Wichita Falls, TX Metro Area is a great place to live with relatively affordable housing and cost of living. The average rent for a two-bedroom apartment in the area is $940, which is about 35% lower than the national average of $1,430. Grocery costs are also lower than the national average, with an index of 90 compared to 100 nationally. There are plenty of local companies available offering products and services at competitive prices. One such company is the Wichita Falls Chamber of Commerce, which helps local businesses succeed and offers resources to help citizens navigate life in Wichita Falls. Another example is Lone Star Ag Credit, which provides financing for agricultural projects in the area. With lower costs associated with housing and groceries, people can enjoy a higher quality of life while still saving money.
Wichita Falls Metro Area has an unemployment rate of 6.6%. The US average is 6.0%.
Wichita Falls Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Wichita Falls Metro Area
- The Sales Tax Rate for Wichita Falls Metro Area is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Wichita Falls Metro Area 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 Metro Area
- The average income of a Wichita Falls Metro Area resident is $23,503 a year. The US average is $28,555 a year.
- The Median household income of a Wichita Falls Metro Area resident is $55,051 a year. The US average is $69,021 a year.