Wichita Falls tops list for lowest cost of living

Wichita Falls I44

Claire Kowalick | Times Record News | 5.21.20

Among the great things about living in Wichita Falls, the city took the top spot in a list of 25 United States cities with the lowest cost of living.

A study by Niche, a company gathers information about places to live, released in March, shows the North Texas city with just over 104,000 residents enjoys low rent prices and affordable housing.

About 57 percent of Wichita Falls residents own a house and 43 percent rent their homes.

The median home value in the city is $97,400 and the median rent price was $784.

The national median home value is $184,700 and national median rent is $949.

Many other Texas cities made the list including Brownsville at number two, Beaumont was third, Amarillo was fourth, McAllen was sixth and Abilene was seventh.

Many cities on the list were in the Midwest and South. Largest coastal cities such as New York and San Francisco have notoriously high rent prices and higher cost of living.

For the study, researchers took into account several factors including the median tax rates, and costs of food, gas and housing.

While cost of living does not always equal quality of life, Wichita Falls did well with an overall “A-” rating from Niche.

The city earned an A for commute time, diversity, nightlife and cost of living. It got a B for public schools, housing, “good for families,” jobs and weather. Wichita Falls lowest grades were C’s for crime and safety, outdoor activities and health and fitness.They called Wichita Falls one of the best places to live in Texas, offering a suburban feel with plenty of open space. Many people own their homes, they praised the number of parks and said the public schools were above average.

A poll by Niche about the city asked what phrase best described Wichita Falls residents. The top responses were “nice,” “very friendly and sociable,” and “family oriented.”

See the full list of cities at: https://www.niche.com/places-to-live/search/cities-with-the-lowest-cost-of-living/.

Claire Kowalick, a senior journalist for the Times Record News, covers local government, military and MSU Texas. If you have a news tip, contact Claire at ckowalick@gannett.com.

The post Wichita Falls tops list for lowest cost of living appeared first on Land In Wichita Falls.

You May Also Like: