Iowa Park, TX vs Memphis, TX

There is a significant gap in the cost of living between these two cities. Memphis is 21.2% cheaper than Iowa Park. With a cost index of 58 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Iowa Park should plan for substantially higher expenses across most categories.

On the housing front, median rent in Iowa Park is $945/month compared to $608/month in Memphis — a 55% difference. Home values follow the same pattern: Memphis is more affordable at $74,700 median vs $121,800.

Median household income in Iowa Park is $64,340 compared to $46,567 in Memphis (+38.2%). While Iowa Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iowa Park spend roughly 17.6% of their income on rent, more than the 15.7% in Memphis.

Climate-wise, Iowa Park is notably warmer with an average of 63.7°F compared to 59.2°F in Memphis. Iowa Park receives more rainfall at 27.9" per year compared to 22.7" in Memphis.