Cost of Living in Wichita Falls, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.9
100 = national avg
-5.1 vs national average
Living Wage (1 Adult)
$41,746
per year
Living Wage (Family of 4)
$98,672
per year
Cost Index by Category
Housing98.7
Food94.8
Transportation89.5
Healthcare95.8
Utilities96.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$925
per month
2 Bedroom
$1,136
per month
The overall cost of living index in Wichita Falls is 94.9, which is 5.1% below the national average. Housing costs are below the national average at an index of 98.7. A single adult needs to earn approximately $41,746 per year to cover basic expenses.