Ivanhoe, TX vs Lone Oak, TX

Ivanhoe is moderately more affordable than Lone Oak, with a 6.1% lower cost of living index. Ivanhoe scores 74 compared to 79 for Lone Oak, where the US average is 100. This difference means residents of Lone Oak can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ivanhoe is $1,106/month compared to $1,017/month in Lone Oak — a 9% difference. Interestingly, home values tell a different story: while Lone Oak has cheaper rent, Ivanhoe actually has lower median home values ($85,500 vs $144,100).

Median household income in Ivanhoe is $42,917 compared to $65,972 in Lone Oak (-34.9%). While Lone Oak is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ivanhoe spend roughly 30.9% of their income on rent, more than the 18.5% in Lone Oak. The Lone Oak ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (66.4°F vs 66.4°F). Ivanhoe receives more rainfall at 50.3" per year compared to 38.4" in Lone Oak.