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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 93.1, 6.9% 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 Partnership 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 $127,000 in first quarter 2016, according to the National Association of Realtors. Wichita ranked 32nd lowest of 180 reporting metro areas and $90,600 or 42% below the national median price of $217,600.

Newly-built home prices are also quite reasonable. The 2016 first quarter sale price of newly built single-family homes in the Wichita metro area was $234,926. That is $88,517 or 27% below the corresponding national figure of $323,443.

Wichita area apartment rent is also very reasonable. Average two-bedroom apartment rent was $718 in the first quarter of 2016 (ACCRA survey). That is $280 or nearly 28.1% lower than the national figure of $998.

According to rent tracking company Zumper, Wichita rent put the city 99th lowest out of 100 largest markets in 2016. Read more.
 

For more detailed information about Wichita's cost of living and housing costs comparison with other communities, visit the Greater Wichita Partnership website

Section Highlights:
  • Wichita is ranked No. 10  for best cities for new college grads in 2016.
  • 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 $127,000 in the first quarter of 2016 according to the National Association of Realtors.
  • Wichita is home to 40 museums and galleries.