How much rent can you afford in Wichita Falls, TX?
Run your salary against Wichita Falls's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Wichita Falls
At a median rent of $1,279/mo, Wichita Falls is affordable when measured against Wichita Falls median household income of $60,177/yr. Rent would consume roughly 26% of pre-tax income, and a salary of about $51,160 keeps rent at the recommended 30% threshold.
How Wichita Falls compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Wichita Falls?
On a $60,177 salary (the Wichita Falls median household income), the recommended ceiling is 30% of pre-tax income, or about $1,504/mo. Wichita Falls's median rent is $1,279/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Wichita Falls?
To keep Wichita Falls's $1,279/mo median rent under 30% of income, you'd need about $51,160/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Wichita Falls affordable on the median Texas income?
Wichita Falls is affordable on a $60,177 income. Rent would take 26% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".