Wichita Falls, TX Relocation Guide (2026)
Cost of living, housing, and income data for Wichita Falls, sourced from the US Census Bureau.
Salary needed to live in Wichita Falls →
Source: US Census Bureau ACS 5-Year (2022). Last updated July 2026.
With a population near 102,482, Wichita Falls, Texas sits below the multi-city income median: households earn a typical $55,584 per year (-23% vs. that benchmark).
Home values in Wichita Falls run a median $128,800, below the benchmark across cities in our dataset (-61%). Renters see a median monthly cost of $949. Mortgage rates and property taxes are worth checking before you commit either way.
Wichita Falls's home-price-to-income ratio of about 2.3× puts it in affordable territory — income here stretches further toward a home purchase than in many cities we track. Prices in the area have gained 4.06% year over year, a moderate pace that suggests a stable market around Wichita Falls. Wichita Falls carries a Relatively Moderate hazard rating from FEMA, on the lower end of what we track.
Personal Affordability Check
Renting at $949/mo in Wichita Falls would take 20.5% of your income.
$441/mo under the 30% guideline.
Buying the median home ($128,800) would take 14.8% of your income toward principal & interest.
$609/mo under the 28% guideline.
Cost of housing in Wichita Falls
Median home value is $128,800 and median gross rent is $949/month. For buyers, monthly costs depend heavily on current mortgage rates — worth checking before you commit.
FHFA's county-level home price index for Wichita rose 4.06% over the past year (as of 2025).
HUD's FY 2026 Fair Market Rent for a 2-bedroom unit in the surrounding county is $1,136/month.
Climate & home insurance
FEMA rates Wichita Falls's overall natural-hazard risk as Relatively Moderate. Risk level is a major driver of home insurance premiums.
Safety
Wichita Falls reported a violent crime rate of 358.6 per 100,000 residents in 2025, per FBI data.
Moving to Wichita Falls
Planning a move to Wichita Falls? Compare licensed movers and get quotes based on your origin and move date.
Frequently asked questions
- What is the cost of living in Wichita Falls, TX?
- In Wichita Falls, the median home value is $128,800 and median rent is $949 per month, against a median household income of $55,584. These figures come from the US Census Bureau ACS 5-Year (2022).
- How much do you need to earn to live comfortably in Wichita Falls?
- Using the standard 30%-of-income rule of thumb, affording Wichita Falls's median rent of $949/month takes an income of roughly $37,960 a year. See the full salary breakdown (renting and buying) for Wichita Falls.
- Is it better to rent or buy in Wichita Falls?
- Wichita Falls's median rent of $949/month translates to about $37,960 a year needed to rent comfortably, versus roughly $29,469 a year for principal and interest on the $128,800 median home (20% down, 30-year fixed, today's rates). How long you'll stay is usually the deciding factor.
- Is Wichita Falls safe?
- In 2025, Wichita Falls reported 358.6 violent crimes per 100,000 residents, according to FBI data.
See the full salary breakdown for Wichita Falls →
Cities with a similar cost of living
Matched on median rent and household income within 15% of Wichita Falls's.