Wichita Metro Cost of Living Profile
Even with its many amenities, Wichita's overall cost-of-living index is a very moderate 90.9, approximately 9% below the national urban area average of 100. For more detailed information, follow this link to the Greater Wichita Economoc Development Coalition (GWEDC) web site for a comparison with other communities.
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 $123,600 in the Third Quarter 2012 survey by the National Association of Realtors. Wichita ranked 27th lowest of 154 reporting metro areas and $62,500 or 34% below the national median price of $186,100. Follow this link to the Greater Wichita Economic Development Coalition (GWEDC) web site for a omparison with other communities.
Newly-built home prices are also quite reasonable. The Q3-2012 average sale price of newly built single-family homes in the Wichita metro area was $231,652. That is $56,293 or 20% below the corresponding national figure of $287,945. For more detailed information, follow this link to the Greater Wichita Economoc Development Coalition (GWEDC) web site for a comparison with other communities.
Wichita area apartment rent is also very reasonable. Average two-bedroom apartment rent was $660 in the Third Quarter 2012 ACCRA Survey. That figure is $221 or 25% lower than the national figure of $881. For more detailed information, follow this link to the Greater Wichita Economoc Development Coalition (GWEDC) web site for a comparison with other communities.
