Wichita Falls, TX, zip code 76305 is a great place to live with a relatively low cost of living. The average 2 Bedroom rent in Wichita Falls is approximately $820 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wichita Falls is 93 which is 7 points lower than the US average of 100. There are also many local companies that provide residents with employment possibilities. Some examples include United Regional Health Care System, Texas Home Health/Advantage Home Health Services, and Walmart. All of these local companies help contribute to the affordable cost of living that Wichita Falls provides its citizens.
Wichita Falls (zip 76305) has an unemployment rate of 6.9%. The US average is 6.0%.
Wichita Falls (zip 76305) 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 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Wichita Falls (zip 76305)
- The Sales Tax Rate for Wichita Falls (zip 76305) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wichita Falls (zip 76305) 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 (zip 76305)
- The average income of a Wichita Falls (zip 76305) resident is $25,737 a year. The US average is $28,555 a year.
- The Median household income of a Wichita Falls (zip 76305) resident is $69,645 a year. The US average is $69,021 a year.