Cost of Living in Wichita falls, TX

Housing

The housing market plays a significant role in determining the cost of living in Wichita falls, TX.

• Housing Index: 80.0 / 100
• Median Home Price is: $233000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1300 per month

In Wichita falls, TX, the housing index stands at 80.0, suggesting it's a relatively affordable market compared to the national average. The median home price is 233000, indicating it's a feasible investment for potential homeowners. Average rents for a 2-bedroom apartment and a 2-bedroom house are 1200 and 1300, respectively, suggesting an accessible rental market. Additionally, considering the trend of remote work, areas like Wichita falls may become increasingly attractive for prospective movers seeking both affordability and lifestyle. Ultimately, this data can help guide your decision-making in relocating or investing in real estate.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wichita falls, TX.

• Electricity Price: 14.47 USD (median by state)
• Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Wichita falls, TX could entail higher utility costs. Electricity costs sit at 14.47, while natural gas is priced at 26.29 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $55584

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Wichita falls, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.