Reasonable overall cost-of-living (particularly moderate housing costs) are a particularly effective personnel recruiting and retention inducement

Overall Cost-of-Living
Even with its many amenities, Wichita's overall cost-of-living index is a very moderate 90.7, 9.3% below the national urban area average of 100.

Overall Cost of Living Index

Urban Area

Index

Oklahoma City, OK84.6
Tulsa, OK88.9
St. Louis, MO-IL90.4
Wichita, KS91.8
Omaha, NE91.8
Kansas City, MO-KS93.1
Colorado Springs, CO94.0
National100.0
Dallas, TX100.4
Denver, CO110.4
Seattle, WA145.1
Orange County, CA151.6

 

Existing Single-Family Homes

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 $135,700 in the third quarter 2016, according to the National Association of Realtors. Wichita ranked 27th lowest of 179 reporting metro areas and $105,500 or 44% below the national median price of $240,900.

Existing Single-Family Home Median Sales Price

Wichita, KS

$130,300

Cincinnati-Middletown, OH-KY-IN$151,200
Indianapolis, IN$159,500
Saint Louis, MO-IL$160,800
Omaha, NE-IA$168,700
Kansas City, MO-KS$179,200
Des Moines, IA$184,300
Albuquerque, NM$189,400
Dallas-Fort Worth-Arlington, TX$230,600
National$235,000
Colorado Springs, CO$257,900
Denver-Aurora, CO$381,600
Los Angeles-Long Beach-Santa Ana, CA$503,400

Newly Built Single-Family Homes

Newly-built home prices are also quite reasonable. The annual average 2016 sale price of newly built single-family homes in the Wichita metro area was $231,316. That is $95,683 or 29% below the corresponding national figure of $326,999.

Apartment Rent

Wichita area apartment rent is also very reasonable. Average two-bedroom apartment rent was $700 in the 2016 annual average (ACCRA survey). That is $308 or nearly 30.6% lower than the national figure of $1,008.

Two-Bedroom Apartment Average Rent

Urban Area

Rent

Tulsa, OK

$655

Wichita, KS

$700

Oklahoma City, OK$818
St. Louis, MO-IL$864
Kansas City, MO-KS$884
Omaha, NE$1,004
National$1,008
Dallas, TX$1,058
Colorado Springs, CO$1,104
Denver, CO$1,469
Seattle, WA$2,050
Orange County, CA$2,190
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