I grew up in Wichita Falls. That area is still pretty rural, even though WF has grown a lot. Cost of living is pretty reasonable.
Iowa Park is a nice little town. Just a guess on my part, but I think you will find housing costs pretty reasonable. That can also be checked out online.
My mom recently sold her condo in a highrise mostly for seniors. I'll ask her about the realtor she used.
I would suggest you go online and check out WF and IP. They should have enough pics to give you an idea of the countryside. Here's a site that had good info on median housing costs in IP - http://www.city-data.com/city/Iowa-Park-Texas.html.
Some nice lakes close, too. Look up Kickapoo Lake. I think its the closest to WF.
There's no property tax in Tx (like you have in Indiana) and no state income tax, either.
WF has a decent 4 yr college, Midwestern State U. I don't know if it offers the the curriculum your son is currently taking, but you can check that online, too.
Weather will be much milder than up north. Not too many days below freezing and not much snow. Its not as humid as the DFW area or e. Tx. Summers are somewhat hot, but not as bad with the lower humidity. You will adjust.
Unless you really like the north, you will enjoy Tx.
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