States › Texas › Iowa Colony

Is Iowa Colony, TX expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,48342% higher than U.S. average
💵 Families earn per year (2026)$155,403about $12,950/month · 78% higher than U.S. average
🔑 House price$405,70022% higher than U.S. average

Rent is higher than in 85% of U.S. cities. Household incomes are higher than in 91% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 35.6 minutes each way. Most homes (96.4%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $99,320 a year. That is $48 an hour at a full-time job.

Is rent cheaper than other Texas cities?

No. Rent here is more expensive than in most of Texas. It is number 395 of 426 cities from cheapest to most expensive.

Iowa Colony
$2,483
Santa Fe
$1,460
Robinson
$1,493
Lantana
$3,639
Athens
$1,235
Richmond
$1,586
Levelland
$893

How much do households earn in Iowa Colony?

Under $25k
0.8%
$25k–50k
3.5%
$50k–100k
32.8%
$100k–150k
38.3%
$150k+
22.5%

Share of households by yearly income. 60.7% of households earn $100,000 or more.

How expensive is Iowa Colony overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Iowa Colony, so the Texas figure is shown.

Taxes and bills in Iowa Colony

🏛️ Property tax$9,281a year · 2.29% of home value · U.S. $3,119
⚡ Electric bill$211a month (typical) · U.S. $156

Life in Iowa Colony

Commute to work35.6 minU.S.: 26.4 min
College degree49.3%U.S.: 35.7%
Own their home96.4%U.S.: 65.2%
Below poverty line4.3%U.S.: 12.5%
Unemployment4.9%U.S.: 5.2%

Is it cheaper to rent or buy in Iowa Colony?

Renting is cheaper right now: about $332 a month less.

Renting
$2,483
Owning
$2,815

Owning assumes a typical $405,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,570 for the down payment.

Frequently asked questions

What is the average rent in Iowa Colony, TX?

Renting in Iowa Colony costs a median of about $2,483 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Iowa Colony?

To keep rent under 30% of income, you need about $99,320 a year, or $48 an hour at a full-time job.

Is Iowa Colony cheap or expensive?

Iowa Colony is rated Cheap: rent takes 19.2% of the typical household income of $155,403. It ranks 395th cheapest of 426 Texas cities we track.

How much are property taxes in Iowa Colony?

The median homeowner in Iowa Colony pays $9,281 a year in property taxes, about 2.29% of the median home value.

Is Iowa Colony more expensive than the national average?

Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Iowa Colony?

The median home value in Iowa Colony is $405,700, about 2.6 times the typical yearly household income.

12,891 people live in Iowa Colony. Numbers are typical (middle) values.