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Wichita Falls is a county in taxes with a population of about 105,156 (according to 2020 survey) and the 36th largest city in taxes. The median income, in simple words, is the middle point of area incomes.
The median income is what sets the dividing line between high-income earners and low-income earners.And it’s calculated by household income or for specific demographic groups. The median income is calculated by household income or for specific demographic groups.
📌The economy of Wichita County is estimated by the fact that 55.6k people are employed. Wichita County, taxes have a median household annual income of $45,776.
Understanding of Median Income in Wichita Falls:
| Index | Wichita Falls |
| Median household income | $43,997 |
| Median income owner occupied | $59,560 |
| Median income renter occupied | $29,163 |
| Median earnings male | $26,749 |
| Median earnings female | $20,317 |
Why is the median income of Wichita Falls important?
Economists use median income to draw many conclusions about the statistic health of a given area or population. This includes comparing household incomes across different countries which provides us with an idea as to where citizens enjoy both quality and high standards of living.
The median income is an important measure of quality living. It provides a benchmark for comparing standards across countries and looking at who has the most to spend on food, shelter, clothing.
The median income in Wichita Falls taxes is 20% lower than the national average. Here we are going share the median income in Wichita Falls from 2007 to 2018.
| Years | Median Income in Wichita Falls |
| 2007 | $50,299 |
| 2008 | $53,099 |
| 2009 | $51,186 |
| 2010 | $45,743 |
| 2011 | $49,364 |
| 2012 | $51,118 |
| 2013 | $48,265 |
| 2014 | $46,508 |
| 2015 | $48,375 |
| 2016 | $47,037 |
| 2017 | $46,370 |
Why is the median income of a town important and what factors affect median income of a city or town?
Median income is the median figure which divides all incomes within it into two equal parts, that is, half earns less than the median and other half earns more than median. Median is derived from median line where 50% of population lies on either side of median line.
The median household income is usually the most reported household indicator because median income is more commonly used to compare median household income, median family income and per capita income of different towns, cities and states.
The median income for a town or city is based on population of that particular place in that year. This means median incomes are not constant through time and can change from year to year. When median income of a town or city changes there can be numerous reasons for such change.
If median income of a place increases, this could mean that median incomes have risen because the number of high paying jobs in an area is increasing significantly and thus more residents are taking home relatively higher annual incomes than they were previously
Median household income is a repeatedly reported economic statistic for a country or a city. Looking at median household income statistics is instructive when make a comparison with affluence and living standards between different cities, states or countries. Extant of poverty in Wichi ta Falls taxes, U.S is the percentage of households who are living on below 60% of median income.
The Bottom line on Median Income in Wichita Falls Texas
Wichita Falls median household income is $10,320 which is lower than the US median Texas household income.
Real Median Household income for Wichita Falls:
| City | Year (2018) | 1 year change | 3 year change |
| Wichita Falls | $50,309 | +8.49% | +4.00% |
The latest median household income for Wichita Falls is $50,309.
The median household incomes in the United States has decreased slightly since 2000 after increasing for a number of years. But median household income continues to be higher than in 1990 and 1991 when it was $46,326 (in 2013 dollars). In late 2009 median household income was approximately.
I would say the if you are looking to move to Wichita Falls, I would not base it solely off these median income findings. Keep in mind, median income is a good tool to use when comparing median incomes of two different towns and cities. And you will want to take into consideration jobs, medical care, recreation, housing costs and more. But median income should not be the only tool you use to determine if a place is for you.
Remember that median incomes are useful when comparing median household or family income from one city to another, but median income is less helpful when we examine individual earnings because they vary so much more among all workers from industry to industry and between occupations.
