Palmview, TX Cost Of Living
Cost Of Living In Palmview, TX Summary
Cost of living in Palmview research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Palmview is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Palmview is 77, with 100 being the average.
The cost of living index in Palmview is 0.8x lower than the national average.
Palmview ranks as the #30 cheapest in Texas out of 405.
Palmview ranks as the #78 cheapest out of 6,412 in the US.
The median home value in Palmview is $84,600.
The median income in Palmview is $42,310.
Table Of Contents
Palmview's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Palmview, TX?
According to the most recent data on the cost of living, Palmview has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.
Compared to Texas, Palmview has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Palmview ranks as #30 most affordable out of the 405 places we measured in Texas. By definition, that implies Palmview ranks as the #375 most expensive place in the Lone Star State.
For more reading on life in Palmview, check out:
- Living In Palmview
- Palmview Crime Report
- Search Homes For Sale In Palmview, TX
In Texas
In America
Palmview Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Palmview. Here is how it fairs on each of the criteria:
The Services index in Palmview is 78.
The Groceries index in Palmview is 87.
The Health index in Palmview is 70.
The Housing index in Palmview is 50.
The Transportation index in Palmview is 90.
The Utilities index in Palmview is 102.
| Living Expense | Palmview | Texas | National Average | |
|---|---|---|---|---|
| Overall | 77 | 92 | 100 | |
| Services | 78 | 96 | 100 | |
| Groceries | 87 | 93 | 100 | |
| Health | 70 | 93 | 100 | |
| Housing | 50 | 84 | 100 | |
| Transportation | 90 | 92 | 100 | |
| Utilities | 102 | 104 | 100 | |
Palmview, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Palmview is $84,600.
The Median Rent in Palmview is $680.
The Median Income in Palmview is $42,310.
The Home Value To Income in Palmview is 2.0x.
The Rent To Monthly Income in Palmview is 0.19x.
| Statistic | Palmview | Texas | United States |
|---|---|---|---|
| Median Home Value | $84,600 | $202,600 | $244,900 |
| Median Rent | $680 | $1,146 | $1,163 |
| Median Income | $42,310 | $67,321 | $69,021 |
| Home Value To Income | 2.0x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Palmview, TX Costs By Category
Detailed Palmview Services Costs Vs. Texas
Detailed Palmview Groceries Costs Vs. Texas
Detailed Palmview Health Costs Vs. Texas
Detailed Palmview Transportation Costs Vs. Texas
Detailed Palmview Utilities Costs Vs. Texas
Palmview SnackAbility
/10
Cost Of Living In Cities Around Palmview
The cost of living varies in the cities and towns around Palmview. Here's a quick look at the cost of living in the most populous nearby places:
McAllen, TX has a cost of living index of 79, 1.0x Palmview.
Edinburg, TX has a cost of living index of 81, 1.1x Palmview.
Mission, TX has a cost of living index of 79, 1.0x Palmview.
| City | Population | Cost Of Living | Vs. Palmview |
|---|---|---|---|
| McAllen, TX | 141,941 | 79 | 1.0x |
| Edinburg, TX | 98,759 | 81 | 1.1x |
| Mission, TX | 85,311 | 79 | 1.0x |
| Pharr, TX | 78,997 | 75 | 1.0x |
| Alamo, TX | 19,644 | 75 | 1.0x |
| Alton, TX | 17,993 | 77 | 1.0x |
| Hidalgo, TX | 13,939 | 77 | 1.0x |
| La Homa, TX | 11,924 | 75 | 1.0x |
| Penitas, TX | 6,206 | 76 | 1.0x |
