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Home > Experience Wichita > Moving Here > Cost of Living
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Wichita Metro Cost of Living Profile

(article by Movoto Real Estate)

Even with its many amenities, Wichita's overall cost-of-living index is a very moderate 89.7, 10.3% below the national urban area average of 100. For more detailed information about Wichita's cost of living and housing costs comparison with other communities, visit the Greater Wichita Economoc Development Coalition (GWEDC) website

Housing Costs
Housing is a particular bargain in the Wichita market. The median selling price of existing (previously owned) single-family homes in the Wichita metro area was $114,200 in first quarter 2014, according to the National Association of Realtors. Wichita ranked 28th lowest of 171 reporting metro areas and $77,400, or 40% below the national median price of $191,600.

Newly-built home prices are also quite reasonable. The first quarter 2014 average sale price of newly built single-family homes in the Wichita metro area was $222,400. That is $80,501 or 27% below the corresponding national figure of $302,901.

Wichita area apartment rent is also very reasonable. Average two-bedroom apartment rent was $683 in the first quarter 2014 ACCRA Survey. That is $231 or 25% lower than the national figure of $914.

For more detailed information about Wichita's cost of living and housing costs comparison with other communities, visit the Greater Wichita Economoc Development Coalition (GWEDC) website

Section Highlights:
  • Wichita ranked No. 23  for small-business growth among the top 102 metro areas in the United States in 2013.
  • Wichita boasts an average commute time of 18.7 minutes.
  • The median sales price for an existing single-family home in the Wichita metro area was $114,200 in the first quarter of 2014 according to the National Association of Realtors.
  • Wichita is home to 40 museums and galleries.