| Index | Palestine | Texas | National |
| Cost of living | 90 | 94 | 100 |
| Groceries | 100 | 98 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 68 | 83 | 100 |
| Transportation | 100 | 98 | 100 |
| Utilities | 102 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 99 | 98 | 100 |
The cost of living in Palestine affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Palestine is 90, which is 10% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Palestine aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Palestine residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Wondering if Palestine is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Palestine, for example, the median home price is 40.1% lower than what folks pay nationally, and monthly rent is 11.6% lower than the usual rates. Plus, income levels matter too, with Palestine boasting a median household income of $60,943, which is 25.1% lower than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Palestine, the housing index is 31.6% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Palestine, the utilities index registers at 2.2% higher than the national average.
The Palestine cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $77,222 | $6,435 | $1,802 | $2,317 |
| Renters | $49,054 | $4,088 | $1,145 | $1,472 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Elkhart, TX | 1,472 | 86 | 13.6% |
| Oakwood, TX | 788 | 87 | 13.3% |
| Palestine, TX | 18,296 | 90 | 9.9% |
| City | Population | Cost of Living Index | National Avg. |
| Dumont, NJ | 18,293 | 133 | 33.4% |
| Ocean Springs, MS | 18,287 | 96 | 3.6% |
| Tallmadge, OH | 18,313 | 95 | 4.6% |
| White Settlement, TX | 18,316 | 95 | 5.0% |
| Fayetteville, GA | 18,321 | 109 | 9.2% |
| Palestine, TX | 18,296 | 90 | 9.9% |
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