Community Profile

For a more comprehensive look at Wichita Falls, please download our community profile here.

Geography

Wichita Falls is conveniently located in North-Central Texas with approximate coordinates of 33.8969 latitude N and 98.5150° longitude W. Located less than two hours from both Dallas/Fort Worth and Oklahoma City, the central location of Wichita Falls offers scores of routes and effortless road travel in and out of the city.

Drive Time

Easily accessible freeways and highways include I-44, U.S. Highways 82, 281, 277, 287 and Texas State Route 79. These highways make for a straightforward commute to other cities in Texas, or out of state to places like Arkansas, Oklahoma and Louisiana. Wichita Falls’ larger neighbors include Burkburnett, Archer City and Iowa Park, with the MSA consisting of Wichita, Clay and Archer counties.

Seasonally Adjusted Unemployment Rate for Wichita Falls, TX MSA

The seasonally adjusted unemployment rate for Wichita Falls, TX MSA was 4.5% as of February 2017. The regional unemployment rate was lower than the national rate of 4.6%. One year earlier , in February 2017, the unemployment rate in the Wichita Falls, TX MSA was 4.4%.
Source: Local Area Unemployment Statistics, provided by the Bureau of Labor and updated through December 2016

Cost of Living Information

The Cost of Living Index estimates the relative price levels for consumer good and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 20.4% lower in Wichita Falls, TX MSA than the U.S. Average.

Yearly Median Household Income

2015 VALUE
$46,277 ± $1,666
Households in Wichita Falls, TX have a median income of $44,543. This chart shows the median household income of Wichita Falls, TX compared to its parent locations.

Average Home Price

Annual Home Sales

Wichita Falls Housing Summary