What salary do you need to live in Wichita Falls, TX?

The cost side of living in Wichita Falls

Median gross rent, meaning contract rent plus tenant-paid utilities, runs $817, $972 and $1,249 a month for one, two and three bedrooms across Wichita Falls, TX. The largest of those is 53% more than the smallest.

On the ownership side, the typical owner-occupied home is valued at $157,600. That is only 2.4× the area's median household income of $65,379, a low ratio by national standards.

The Regional Price Parity, BEA's index of local prices with the US at 100, is 89.5 here. Below 100 means a paycheck stretches further: $100,000 in Wichita Falls has the buying power of roughly $111,716 at national average prices.

Wichita Falls: the pre-tax income for each grade

For two bedrooms, $88,000 is where Wichita Falls turns Comfortable. Below that, $44,000 marks the start of Okay and $20,000 the start of Tight; under $20,000 the score reads Stretched. Rent at the Comfortable line is 13% of gross pay.

Royal, the top band, starts at $270,000. At that income rent is 4% of pay and the median home 0.6× income.

These lines come straight from the calculator's formula: the income is raised until the two-bedroom score crosses each cutoff, then rounded up to the next $1,000.

Wichita Falls at four common salaries

At $75,000 home size barely changes the picture: one, two and three bedrooms all grade Okay, with scores from 57 to 63.

Of the four salaries, $100,000 is the first where a two-bedroom reads Comfortable or better; $75,000 still lands at Okay.

Wichita Falls on the national list

Ranked against all 387 metros, Wichita Falls sits 297th on overall price level and 318th on the two-bedroom rent median, counting from the most expensive. Its median home value ranks 368th.

For a sense of scale, the metros just above and below it on two-bedroom rent are Utica-Rome, NY ($972) and Minot, ND ($971).

Wichita Falls in a Texas context

How Wichita Falls stacks up against its state: $972 for a two-bedroom against Texas's $1,395, $157,600 for the median home against $283,800, and a price level of 89.5 against 97.1.

On statewide medians, a two-bedroom budget reaches Comfortable at $166,000 — above Wichita Falls's $88,000 line.

If Wichita Falls is on your list, McAllen-Edinburg-Mission, TX, Laredo, TX, and El Paso, TX are the most similar Texas metros by two-bedroom rent and price level; the table shows where each turns Comfortable.

The median Wichita Falls household

The median household in the metro earns $65,379 (ACS 2020-2024). Run through the calculator with two bedrooms, that scores 57, Okay. The Comfortable line is 35% above what the median household makes. For Texas as a whole, the median household income of $78,476 scores 44 against statewide rents. A household figure may pool several earners, unlike a single salary.

All figures are pre-tax estimates from public data, not financial advice.