Cost of Living in Ivanhoe, TX

With a cost of living index of 74, Ivanhoe, TX is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 14% below the Texas state average of 88. Ivanhoe is a small community of 1,619 residents.

Housing costs are the biggest factor in Ivanhoe's cost of living. The median monthly rent is $1,106 (16% below the US median of $1,319), and the median home value sits at $85,500 (72% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Ivanhoe is $42,917, which is 43% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Ivanhoe. The area sees an average annual temperature of 66.4°F, with summers averaging 82°F and winters around 51°F. Annual rainfall totals 50.3 inches spread over roughly 103 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.