CostIndexUSA

Montgomery, AL vs Wichita Falls, TX Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

≈ Equal CostAL
Montgomery
89.7
overall index
$1,375/mo rent
TX
Wichita Falls
89.5
overall index
$1,200/mo rent

Montgomery and Wichita Falls have nearly identical costs of living.

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+6.1%
Montgomery
64.3
Wichita Falls
68.2
🛒 Groceries−2.7%
Montgomery
96.4
Wichita Falls
93.8
🚗 Transportation≈ Equal
Montgomery
101.5
Wichita Falls
101.1
🏥 Healthcare≈ Equal
Montgomery
91.9
Wichita Falls
91.4
⚡ Utilities−0.9%
Montgomery
84.9
Wichita Falls
84.1

Salary Equivalency Calculator

Enter your current salary in Montgomery to see what you'd need to earn in Wichita Falls to maintain the same purchasing power.

$
→
Equivalent salary in Wichita Falls, TX
$79,800
$200 less needed in Wichita Falls

Formula: salary × (89.5 ÷ 89.7) = salary × 0.9978. Based on BEA Regional Price Parities.

Housing Market

Montgomery, AL

Median Home Price
$205,000
Median Monthly Rent
$1,375
Housing Index
64.3
Price-to-Rent Ratio
12.4×

Wichita Falls, TX

Median Home Price
$167,000
Median Monthly Rent
$1,200
Housing Index
68.2
Price-to-Rent Ratio
11.6×

Wichita Falls has 6.1% higher housing costs compared to Montgomery.

Income & Job Market

Montgomery, AL

Median Household Income
$62,400
Per Capita Income
$35,600
Unemployment Rate
4%
Population
199,518
Top Industries
GovernmentMilitaryHealthcareManufacturingEducation

Wichita Falls, TX

Median Household Income
$63,500
Per Capita Income
$36,200
Unemployment Rate
2.7%
Population
104,553
Top Industries
MilitaryHealthcareManufacturingRetailGovernment

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Montgomery, AL
3.8×income-to-rent ratio

74% of income left after rent (median)

Wichita Falls, TX
4.4×income-to-rent ratio

77% of income left after rent (median)

Montgomery vs other cities

Montgomery, AL
vs
Birmingham, AL
Index: 89.7Index: 91.6
Montgomery, AL
vs
Huntsville, AL
Index: 89.7Index: 93.1
Montgomery, AL
vs
Mobile, AL
Index: 89.7Index: 88.1
Montgomery, AL
vs
Huntington Beach, CA
Index: 89.7Index: 113.6
Montgomery, AL
vs
Grand Rapids, MI
Index: 89.7Index: 95.5

Wichita Falls vs other cities

Wichita Falls, TX
vs
Abilene, TX
Index: 89.5Index: 90.4
Wichita Falls, TX
vs
Amarillo, TX
Index: 89.5Index: 91.8
Wichita Falls, TX
vs
Arlington, TX
Index: 89.5Index: 103.1
Wichita Falls, TX
vs
Boulder, CO
Index: 89.5Index: 105.2
Wichita Falls, TX
vs
South Bend, IN
Index: 89.5Index: 92.9

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.