Iola, TX vs McLean, TX
McLean is moderately more affordable than Iola, with a 6.7% lower cost of living index. Iola scores 70 compared to 65 for McLean, where the US average is 100. This difference means residents of Iola can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Iola is $743/month compared to $864/month in McLean — a 14% difference. Interestingly, home values tell a different story: while Iola has cheaper rent, McLean actually has lower median home values ($72,500 vs $170,300).
Median household income in Iola is $52,917 compared to $44,934 in McLean (+17.8%). While Iola is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iola spend roughly 16.8% of their income on rent, less than the 23.1% in McLean.
Climate-wise, Iola is notably warmer with an average of 69.4°F compared to 59.2°F in McLean. Iola receives more rainfall at 41.8" per year compared to 22.7" in McLean.
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Housing
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Climate
NOAA 30-year normals (1991-2020)