Cost of Living in Iowa Park, TX

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A+
11%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
33%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Iowa Park Texas National
Cost of living8994100
Groceries9998100
Health care9898100
Housing6783100
Transportation9498100
Utilities107103100
Lifestyle & Entertainment9598100
Household Items10098100
Education & Childcare9398100
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Homes For Sale In Iowa Park, TX

property for sale

415 W Aldine St

Iowa Park, TX
property for sale

1219 Newman Ave

Iowa Park, TX
property for sale

501 E Ruby Ave

Iowa Park, TX
property for sale

1513 Johnson Rd

Iowa Park, TX

Cost Of Living Quick Facts

  • The cost of living in Iowa Park is 6% lower than the Texas average
  • The cost of living in Iowa Park is 11% lower than the national average
  • Iowa Park housing is 33% lower than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Iowa Park

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Compare Iowa Park, TX Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,171$7,014$1,964$2,525
      Renters$51,762$4,314$1,208$1,553
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Iowa Park, TX, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Iowa Park homeowners, is $84,171. This would allow for a maximum of $1,964 per month to be spent on housing costs. For renters, the median monthly income is $51,762 which would result in a maximum of $1,208 to be spent on rental costs.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Electra, TX2,8017822.5%
      Randlett, OK3478119.2%
      Burkburnett, TX11,6448712.5%
      Holliday, TX1,7318811.7%
      Wichita Falls, TX107,9438911.2%
      Iowa Park, TX6,5688911.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Barrington, NS6,568n/a 
      Stone Mountain, GA6,567954.9%
      Hampstead, MD6,56911111.4%
      Monticello, NY6,5691000.3%
      Westlock County, AB6,565n/a 
      Iowa Park, TX6,5688911.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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