Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Palacios, Texas is a small-sized city with a population of 4,589 people. If we look at the most recent Census, Palacios is known to have a predominantly White population. The next two most common races are Asian and Black. Additionally, more than a quarter of the population of Palacios are of Hispanic or Latino origin, and 49% of the population also speak Spanish. Not a fan of sitting in traffic during your commute to work? Palacios offers shorter work commutes, with an average one-way commute time taking only 16 minutes, far lower than the national average of 26 minutes.
Living in Palacios can be a good experience for anyone relocating to the city. Having said that, in the state of Texas, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Palacios and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, health & safety, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
Palacios has a livability score of 71 out of 100 and is ranked #264 in Texas and #5,736 in the USA. For each of the livability categories, we see that Palacios ranks very well for housing (A-). There is at least one category that does not have great scores in Palacios. The following was graded with a less than perfect score: amenities (F), crime (D) and education (D).
When contemplating a move, job prospects often top the list of priorities. In Palacios, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 0.73% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Palacios has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Palacios is actually affordable. Median real estate prices in Palacios come in at $88,600, which is 37.9% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Palacios, the home price to income ratio is 1.8, which is 30.8% lower than the Texas average.
| Statistic | Palacios | Texas | National |
| Average one way commute | 16min | 26min | 26min |
| Workers who drive to work | 81.7% | 80.3% | 76.4% |
| Workers who carpool | 7.7% | 10.6% | 9.3% |
| Workers who take public transit | 0.5% | 1.5% | 5.1% |
| Workers who bicycle | 2.7% | 0.3% | 0.6% |
| Workers who walk | 0.0% | 1.6% | 2.8% |
| Working from home | 7.4% | 4.3% | 4.6% |
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