Housing costs in Palm Valley?
A typical home costs
$248,200, which is 26.6% less expensive than the national average of
$338,100 and 16.6% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Palm Valley costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 32.0% cheaper than the state average of
$1,280.
Can I afford Palm Valley?
To live comfortably in Palm Valley, Texas, a minimum annual income of
$47,520 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Palm Valley?
The cost of living in Palm Valley, TX is quite affordable compared to other cities in the United States. It has a relatively low median home price of $143,700 and a cost-of-living index of 91.2, which is 9.8% lower than the national average. Additionally, the city has a median household income of $46,316 that puts it on par with the state and national averages. Property taxes are also low in Palm Valley with an effective rate of 1.72%, making it an attractive option for those looking for an affordable place to call home.