Best Small Places for Business and Careers 2019

Wichita Falls, TX

Wichita Falls, TX
the place image

Wichita Falls, TX

Wichita Falls, TX
gross metro product
$7.5B
population
151.3K
median household income
$46,373
median home price
$127,000
cost of living
10% below nat'l avg
college attainment
22.5%
net migration
60 (year: 2018)
unemployment
3.3%
major industries
Defense, Health care
job growth
1% (year: 2018)
As of October 2019
In addition to Sheppard Air Force Base, Wichita Falls is also home to the Newby-McMahon Building, considered to be the world's littlest skyscraper. The Newby-McMahon Building is now part of the Depot Square Historic District of Wichita Falls, which has been declared a Texas Historic Landmark. Wichita Falls is home to Midwestern State University, a local branch of nearby Vernon College and Wayland Baptist University, whose main branch is located in Plainview, Texas. Wichita Falls is the home of the annual Hotter'n Hell
Hundred, the largest century bicycle ride in the U.S and Lucy Park, which provides a myriad of outdoor activities for visitors and residents.
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On forbes lists
#109
In Cost of Doing Business
#138
In Job Growth
#131
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1% (year: 2018)
Projected Annual Job Growth
1%
Unemployment
3.3%
Median Household Income
$46,373
Household Income Growth
0.6%
High-Tech Employment
0.6%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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