Palmview South cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexPalmview SouthTexasNational
Cost of living index6791100
IndexPalmview SouthTexasNational
Goods & Services index7697100
Groceries index7990100
Health care index8196100
Housing index4081100
Transportation index8695100
Utilities index7994100
An overview of the general cost of living index for Palmview South, TX is displayed above for your reference. Residents in Palmview South, TX enjoy a cost of living index of 67. This index is 27% lower than the Texas average, and 33% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Palmview South, TX, the average cost of goods and services is 22% lower than it is in Texas, and it is 24% lower than the national average.

Did you know?

  • The cost of living in Palmview South is 27% lower than the Texas average.
  • The cost of living in Palmview South is 33% lower than the national average.
  • The cost of housing in Palmview South is 60% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Palmview South, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Palmview South, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Palmview South, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Palmview South, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,910$2,826$791$1,017
Renters$26,354$2,196$615$791
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Palmview South, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Palmview South, TX has a median income of about $33,910 for people who own homes. Based on that number, a person should spend a maximum of $791 on expenses related to housing. Renters have a slightly different median income, which is $26,354. Based on this average, renters should spend no more than $615 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When assessing the complete cost of living in Palmview South, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

Goods & Services

ItemPalmview SouthNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $23.33$34.6832.7%
Toothpaste $1.54$2.4737.7%
Shampoo $0.75$1.0226.6%
Movie $10.00$9.871.3%
Bowling $4.25$4.393.2%

Groceries

ItemPalmview SouthNational avg.Difference
Ground Beef $3.77$4.4815.8%
Fried Chicken $1.18$1.4619.4%
Milk $2.21$2.366.2%
Potatoes $2.58$3.0615.7%
Pizza $8.00$9.2413.4%
Beer $6.73$8.6322.0%

Health Care

ItemPalmview SouthNational avg.Difference
Optometrist $60.00$99.7839.9%
Doctor $68.75$105.0334.5%
Dentist $66.00$88.7025.6%
Ibuprofen $7.97$9.4115.3%
Lipitor $329.99$298.5010.6%

Housing

ItemPalmview SouthNational avg.Difference
Home Price $54,000.00$175,700.0069.3%
Avg. Mortgage Payment $776.23$1,081.0328.2%
Apartment Rent $552.00$920.0040.0%

Transportation

ItemPalmview SouthNational avg.Difference
Gasoline $1.70$2.0918.8%
Tire Balancing $44.33$45.292.1%

Utilities

ItemPalmview SouthNational avg.Difference
All Electricity$153.09$170.8010.4%
Phone $17.99$28.2636.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Casa Blanca, TX3297-3%
Tierra Dorada, TX878-22%
Buena Vista, TX24995-5%
Quesada, TX083-17%
Nina, TX29993-7%
Palmview South, TX5,29467-33%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Adel, GA5,29485-15%
Hugo, OK5,29476-24%
Thiells, NY5,29514444%
Lake Wildwood, CA5,29314646%
Vine Grove, KY5,29692-8%
Palmview South, TX5,29467-33%
Source: The Palmview South, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.