Electra, TX vs Iowa Park, TX

There is a significant gap in the cost of living between these two cities. Electra is 16.1% cheaper than Iowa Park. With a cost index of 59 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Electra to Iowa Park should plan for substantially higher expenses across most categories.

On the housing front, median rent in Electra is $761/month compared to $945/month in Iowa Park — a 20% difference. Home values follow the same pattern: Electra is more affordable at $52,300 median vs $121,800.

Median household income in Electra is $64,125 compared to $64,340 in Iowa Park (-0.3%). Iowa Park does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Electra spend roughly 14.2% of their income on rent, less than the 17.6% in Iowa Park.