Palm Valley, TX is an affordable city with a cost of living that is lower than the U.S. average. The rent for a two bedroom apartment is only $970 compared to the national average of $1,430, while the grocery cost index is 91 versus 100 in the US. This makes Palm Valley attractive to those looking for value in housing and food costs. The city has notable local companies such as Jossey-Banking & Company LLC, Palm Valley Wellness Center, and Moxie Designs. Additionally, the economy of Palm Valley remains strong due to quality job opportunities and investments in infrastructure projects.
Palm Valley has an unemployment rate of 10.0%. The US average is 6.0%.
Palm Valley has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Palm Valley
- The Sales Tax Rate for Palm Valley is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Palm Valley is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palm Valley
- The average income of a Palm Valley resident is $46,589 a year. The US average is $28,555 a year.
- The Median household income of a Palm Valley resident is $67,500 a year. The US average is $69,021 a year.