Wichita Falls, TX (zip code 76311) is an attractive city with access to amenities such as affordable rent and low grocery costs. The 2 bedroom rent in the city is approximately $1,390 while the same rent in the US averages at $1,430. Grocery Cost Index in Wichita Falls is 91 compared to 100 in the US. Despite its affordability, Wichita Falls has a strong local economy thanks to companies like United Supermarkets, Academy Sports + Outdoors, and Walmart. Other prominent local businesses include Sikes Senter Mall, Wilks Broadcasting Corporation, and Home Depot.
Wichita Falls (zip 76311) has an unemployment rate of 6.9%. The US average is 6.0%.
Wichita Falls (zip 76311) 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 (zip 76311)
- The Sales Tax Rate for Wichita Falls (zip 76311) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Wichita Falls (zip 76311) 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 76311)
- The average income of a Wichita Falls (zip 76311) resident is $21,582 a year. The US average is $37,638 a year.
- The Median household income of a Wichita Falls (zip 76311) resident is $82,708 a year. The US average is $69,021 a year.