Housing costs in Iola?
A typical home costs
$411,000, which is 21.6% more expensive than the national average of
$338,100 and 38.1% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Iola costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 42.2% cheaper than the state average of
$1,280.
Can I afford Iola?
To live comfortably in Iola (zip 77861), Texas, a minimum annual income of
$78,840 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Iola?
The cost of living in 77861 Iola, TX is quite affordable. The overall cost of living index is 84.2, which is 16.8% below the US average. This means that residents can purchase goods and services at a much lower price than people living in other parts of the country. Housing costs are particularly low, with median home prices being just over $100,000, and rents starting around $700 per month for a one-bedroom apartment. Utilities are also relatively cheap in this area, with electricity costs being some of the lowest in the state. With such a low cost of living coupled with a low unemployment rate, Iola is an attractive place to live for people looking to save money and live comfortably.