Cost of Living in Iowa Colony, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
195.2
100 = national avg
+95.2 vs national average
Living Wage (1 Adult)
$85,893
per year
Living Wage (Family of 4)
$203,020
per year
Cost Index by Category
Housing245.6
Food146.4
Transportation192.9
Healthcare137.1
Utilities157.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,240
per month
2 Bedroom
$1,359
per month
The overall cost of living index in Iowa Colony is 195.2, which is 95.2% above the national average. Housing costs are above the national average at an index of 245.6. A single adult needs to earn approximately $85,893 per year to cover basic expenses.