Iowa Park, TX is a small town located in North Texas. It has a population of just over 7,000 people. The cost of living in Iowa Park is relatively low compared to other parts of the country. Rent for a two bedroom apartment is $1,120 per month, which is about twenty percent lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Iowa Park is 90 - meaning that groceries are 10% cheaper than nationally. For those looking for employment opportunities, there are several companies located in Iowa Park including Walmart Supercenter and United Supermarket. All these factors make Iowa Park an attractive option for individuals and families looking for affordable housing and a great place to live with an excellent quality of life.
Iowa Park has an unemployment rate of 6.7%. The US average is 6.0%.
Iowa Park has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Iowa Park
- The Sales Tax Rate for Iowa Park is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Iowa Park is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iowa Park
- The average income of a Iowa Park resident is $28,326 a year. The US average is $37,638 a year.
- The Median household income of a Iowa Park resident is $56,517 a year. The US average is $69,021 a year.