Cost of Living in Iowa Colony, TX

Population 11,028 · Texas · Data vintage 2023

137
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Iowa Colony sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Iowa Colony sits roughly 10 miles southwest of Pearland. Median home values run roughly 8% higher than Pearland's $331,000.

Cost Overview

Housing 117
Rent 167

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Iowa Colony

The median home value in Iowa Colony is $356,300 — 17% above the national median of $305,000. Median rent runs $2,188/month, 67% higher than the national median of $1,314/month. The median household income of $126,167/year is 69% higher than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.3°F and lows of 62.3°F. Overall, Iowa Colony has a cost of living index of 137 versus the US average of 100, meaning it is 37% more expensive.

🏠 Housing

Median Home Value
$356,300
17% above avg
Zillow Home Value
$149,222
Zillow ZHVI
Median Rent
$2,188/mo
67% above avg
Zillow Rent
$2,572/mo
Zillow ZORI
Price-to-Rent Ratio
13.6x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 97.9%
Renter-occupied 2.1%

💰 Estimated Monthly Budget

Rent median rent
$2,188
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,802/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
41.0 min
52% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.7%

Commute Mode

Drove alone
75.4%
Carpooled
3.5%
Work from home
20.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$126,167
69% above avg
Per Capita Income
$47,835
Unemployment Rate
5.8%
21% above avg
Poverty Rate
5.6%
Labor Force Participation
75.3%

🎓 Education

Bachelor's degree+ 29.9%
Graduate degree 14.2%

👥 Demographics

Median Age 34.5
Male median age 32.5
Female median age 36.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
80.3°F
Avg Low
62.3°F
Annual Precip
53.3"
40° 55° 70° 85° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 656874808691939490837366
Low °F 465055627075767672635448
Precip" 3.632.942.843.675.135.214.215.635.405.774.214.68

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 36 — Good
82.5%
Good air days/yr
156
Max AQI recorded
22
PM2.5 days
336
Ozone days

Frequently Asked Questions

What is the cost of living in Iowa Colony, TX?

Iowa Colony has a cost index of 137 (100 = national average). It is 37% above the national average.

What is average rent in Iowa Colony, TX?

The median gross rent in Iowa Colony is $2,188 per month based on 2023 Census data.

What is the average home price in Iowa Colony?

The median home value in Iowa Colony is $356,300 according to Zillow and Census data.

What is the median income in Iowa Colony?

The median household income in Iowa Colony is $126,167 per year (2023 ACS 5-year estimates).

What is the sales tax in Iowa Colony, TX?

The combined state and local sales tax rate in Iowa Colony is 8.2%. Texas has no state income tax.

Is Iowa Colony, TX affordable?

Iowa Colony is above average in cost of living, with an index of 137 — about 37% higher than the national average.

What is the weather like in Iowa Colony?

Iowa Colony has average high temperatures of 80.3°F and average lows of 62.3°F. Annual precipitation is 53.3". Data from NOAA 1991–2020 Climate Normals.

Iowa Colony at a Glance

Population
11,028
Median Income
$126,167
Home Value
$356,300
Median Rent
$2,188/mo
Unemployment
5.8%
Avg High Temp
80.3°F
Sales Tax
8.2%
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