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 92.2 -- or about 8% below the national urban area average of 100.

Overall Cost of Living Index

Urban Area

Index

Oklahoma City, OK84.9
St. Louis, MO-IL90.6
Kansas City, MO-KS91.5
Tulsa, OK92.0
Omaha, NE92.1
Wichita, KS92.2
Colorado Springs, CO95.7
National100.0
Dallas, TX102.1
Denver, CO112.0
Seattle, WA149.0
Orange County, CA152.6

Source: C2ER Cost-of-Living Survey (Annual Average 2017)

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 $147,700 in third quarter 2018; according to the National Association of Realtors. Wichita ranked 28th lowest of 178 reporting metro areas and $119,200 or 45% below the national median price of $266,900.

Existing Single-Family Home Median Sales Price

Wichita, KS

$147,700

Oklahoma City, OK$164,700
Tulsa, OK$166,900
Saint Louis, MO-IL$182,000
Omaha-Council Bluffs, NE-IA$193,900
Kansas City, MO-KS$204,900
Des Moines-West Des Moines, IA$208,200
Albuquerque, NM$208,900
Dallas-Fort Worth-Arlington, TX$262,100
National$266,900
Colorado Springs, CO$315,700
Denver-Aurora-Lakewood, CO$450,100
Los Angeles-Long Beach-Glendale, CA$628,900

Newly Built Single-Family Homes

Newly-built home prices are also quite reasonable. The annual average 2017 sale price of newly built single-family homes in the Wichita metro area was $249,208. That is $87,240 or 26% below the corresponding national figure of $336,448.

Apartment Rent

Wichita area apartment rent is also very reasonable. Average two-bedroom apartment rent was $694 in the 2017 annual average (C2ER survey.) That is $350 or 34% lower than the national figure of $1,044.

Two-Bedroom Apartment Average Rent

Urban Area

Rent

Tulsa, OK

$666

Wichita, KS

$694

Oklahoma City, OK$797
St. Louis, MO-IL$877
Kansas City, MO-KS$957
National$1,044
Omaha, NE$1,047
Colorado Springs, CO$1,201
Dallas, TX$1,318
Denver, CO$1,414
Orange County, CA$2,233
Seattle, WA$2,366
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