Iowa Park, TX Cost Of Living
Cost Of Living In Iowa Park, TX Summary
Cost of living in Iowa Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Iowa Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Iowa Park is 83, with 100 being the average.
The cost of living index in Iowa Park is 0.8x lower than the national average.
Iowa Park ranks as the #50 cheapest in Texas out of 414.
Iowa Park ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Iowa Park is $187,043.
The median income in Iowa Park is $64,340.
Table Of Contents
Iowa Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Iowa Park, TX?
According to the most recent data on the cost of living, Iowa Park has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Iowa Park has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Iowa Park ranks as #50 most affordable out of the 414 places we measured in Texas. By definition, that implies Iowa Park ranks as the #364 most expensive place in the Lone Star State.
For more reading on life in Iowa Park, check out:
In Texas
In America
Iowa Park Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Iowa Park. Here is how it fairs on each of the criteria:
The Services index in Iowa Park is 92.
The Groceries index in Iowa Park is 94.
The Health index in Iowa Park is 98.
The Housing index in Iowa Park is 67.
The Transportation index in Iowa Park is 94.
The Utilities index in Iowa Park is 99.
| Living Expense | Iowa Park | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 92 | 97 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 98 | 93 | 100 | |
| Housing | 67 | 82 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 99 | 104 | 100 | |
Iowa Park, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Iowa Park is $187,043.
The Median Rent in Iowa Park is $945.
The Median Income in Iowa Park is $64,340.
The Home Value To Income in Iowa Park is 2.9x.
The Rent To Monthly Income in Iowa Park is 0.18x.
Median Home Value
Median Rent
Median Income
Iowa Park, TX Costs By Category
Detailed Iowa Park Services Costs Vs. Texas
Detailed Iowa Park Groceries Costs Vs. Texas
Detailed Iowa Park Health Costs Vs. Texas
Detailed Iowa Park Transportation Costs Vs. Texas
Detailed Iowa Park Utilities Costs Vs. Texas
Iowa Park SnackAbility
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Cost Of Living In Cities Around Iowa Park
The cost of living varies in the cities and towns around Iowa Park. Here's a quick look at the cost of living in the most populous nearby places:
Wichita Falls, TX has a cost of living index of 86, 1.0x Iowa Park.
Lawton, OK has a cost of living index of 84, 1.0x Iowa Park.
Lakeside, VA has a cost of living index of 104, 1.3x Iowa Park.
| City | Population | Cost Of Living | Vs. Iowa Park |
|---|---|---|---|
| Wichita Falls, TX | 102,558 | 86 | 1.0x |
| Lawton, OK | 90,662 | 84 | 1.0x |
| Lakeside, VA | 12,845 | 104 | 1.3x |
| Burkburnett, TX | 11,012 | 84 | 1.0x |
| Vernon, TX | 9,947 | 81 | 1.0x |
