Cost of Living in Iola, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.3
100 = national avg
-14.7 vs national average
Living Wage (1 Adult)
$37,548
per year
Living Wage (Family of 4)
$88,751
per year
Cost Index by Category
Housing83.4
Food90.4
Transportation80.9
Healthcare92.4
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$853
per month
2 Bedroom
$1,067
per month
The overall cost of living index in Iola is 85.3, which is 14.7% below the national average. Housing costs are below the national average at an index of 83.4. A single adult needs to earn approximately $37,548 per year to cover basic expenses.