Cost of Living in Iowa Park, TX
Population 6,574 · Texas · Data vintage 2023
(100 = US avg)
Housing costs in Iowa Park stay well under national norms: a median home value of $122,000 against median household incomes of $64,340 gives the city one of the more comfortable price-to-income ratios in Texas. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.
Iowa Park sits roughly 10 miles west of Wichita Falls — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 15% lower than Wichita Falls' $143,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Iowa Park
The median home value in Iowa Park is $121,800 — 60% below the national median of $305,000. Median rent runs $945/month, 28% lower than the national median of $1,314/month. The median household income of $64,340/year is 14% lower than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 76.1°F and lows of 51.2°F, with about 3.1" of annual snowfall. Overall, Iowa Park has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.
Iowa Park has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 55 | 59 | 68 | 76 | 84 | 92 | 97 | 97 | 88 | 77 | 65 | 56 |
| Low °F | 30 | 34 | 42 | 50 | 60 | 68 | 72 | 72 | 64 | 52 | 40 | 32 |
| Precip" | 1.20 | 1.40 | 2.02 | 2.50 | 3.81 | 3.35 | 2.02 | 2.53 | 2.99 | 2.88 | 1.63 | 1.56 |
| Snow" | 0.7 | 1.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.8 |
Frequently Asked Questions
What is the cost of living in Iowa Park, TX?
Iowa Park has a cost index of 53 (100 = national average). It is 47% below the national average.
What is average rent in Iowa Park, TX?
The median gross rent in Iowa Park is $945 per month based on 2023 Census data.
What is the average home price in Iowa Park?
The median home value in Iowa Park is $121,800 according to Zillow and Census data.
What is the median income in Iowa Park?
The median household income in Iowa Park is $64,340 per year (2023 ACS 5-year estimates).
What is the sales tax in Iowa Park, TX?
The combined state and local sales tax rate in Iowa Park is 8.2%. Texas has no state income tax.
Is Iowa Park, TX affordable?
Yes, Iowa Park is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.
What is the weather like in Iowa Park?
Iowa Park has average high temperatures of 76.1°F and average lows of 51.2°F. Annual precipitation is 27.9". Average annual snowfall is 3.1". Data from NOAA 1991–2020 Climate Normals.
Iowa Park at a Glance
- Population
- 6,574
- Median Income
- $64,340
- Home Value
- $121,800
- Median Rent
- $945/mo
- Unemployment
- 2.0%
- Avg High Temp
- 76.1°F
- Sales Tax
- 8.2%
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