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: $233,000
- 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 Wichita falls is a financially viable option for your relocation.