MyNeighborhood

Can you afford to live in WICHITA FALLS?

Median household income, home values and rent in WICHITA FALLS, TX — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in WICHITA FALLS.

Median household income: $58,568 — +31.5% since 2015 (not adjusted for inflation)

Median gross rent: $978/mo — +33.6% since 2015

Median home value, 2015 to 2023

  • 2015: 92600
  • 2023: 142600

Median household income

  • WICHITA FALLS: 58568
  • Wichita County: 62168
  • TX: 76292
  • U.S.: 78538

Median gross rent

  • WICHITA FALLS: 978
  • Wichita County: 972
  • TX: 1339
  • U.S.: 1348

Share of income a typical renter spends on rent: 27.9% — U.S.: 30.2%

What it means

The typical household here earns $58,568 — far lower than the national figure of $78,538.

The typical renter here spends 27.9% of household income on rent, below the 30% cost-burden line.

Since 2015, rent has risen faster than income here (+33.6% versus +31.5%), before adjusting for inflation.

Sources

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