Palmview 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.
IndexPalmviewTexasNational
Cost of living index7391100
IndexPalmviewTexasNational
Goods & Services index7893100
Groceries index8391100
Health care index7496100
Housing index5283100
Transportation index8894100
Utilities index88100100
The above illustration supplies generalized information for the Palmview, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Palmview, TX is 73, which is 20% lower than the Texas average and 27% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Palmview, TX are 16% lower than the average for Texas and 22% lower than the rest of the country.

Did you know?

  • The cost of living in Palmview is 20% lower than the Texas average.
  • The cost of living in Palmview is 27% lower than the national average.
  • The cost of housing in Palmview is 48% 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, 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
The salary calculator is meant to help you compare your salary in Palmview, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Palmview, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Palmview, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,697$3,308$926$1,191
Renters$18,583$1,549$434$558
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, 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, TX has a median income of about $39,697 for people who own homes. Based on that number, a person should spend a maximum of $926 on expenses related to housing. Renters have a slightly different median income, which is $18,583. Based on this average, renters should spend no more than $434 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 considering the overall cost of living expenses in Palmview, TX, it's important to take into account the sales tax for Texas, as well as the rate for income tax in Texas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Texas is 8.25%, and the sales tax in the state of Texas is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Texas starts from 0% and goes up to 0%.

Goods & Services

ItemPalmviewNational avg.Difference
Haircut $8.50$16.0947.2%
Beauty Salon $31.83$37.3314.7%
Toothpaste $1.82$2.4525.5%
Shampoo $0.81$1.0018.7%
Movie $10.55$10.282.6%
Bowling $4.35$4.9311.8%

Groceries

ItemPalmviewNational avg.Difference
Ground Beef $2.60$3.8031.7%
Fried Chicken $0.98$1.4029.6%
Milk $1.95$2.013.0%
Potatoes $1.97$3.0134.6%
Pizza $8.17$9.8917.4%
Beer $8.54$8.904.0%

Health Care

ItemPalmviewNational avg.Difference
Optometrist $88.89$102.1613.0%
Doctor $58.33$108.3646.2%
Dentist $63.67$92.5331.2%
Ibuprofen $7.97$9.2814.1%
Lipitor $434.01$425.821.9%

Housing

ItemPalmviewNational avg.Difference
Home Price $82,700.00$184,700.0055.2%
Avg. Mortgage Payment $792.68$1,202.4434.1%
Apartment Rent $641.00$949.0032.5%

Transportation

ItemPalmviewNational avg.Difference
Gasoline $2.02$2.249.8%
Tire Balancing $38.22$46.2917.4%

Utilities

ItemPalmviewNational avg.Difference
All Electricity$171.76$165.963.5%
Phone $19.99$28.6830.3%
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.
E. Lopez, TX14581-19%
Buena Vista, TX12681-19%
La Esperanza, TX3381-19%
Cuevitas, TX081-19%
Quesada, TX081-19%
Palmview, TX5,64473-27%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hutchins, TX5,64487-13%
Snowflake, AZ5,64395-5%
Douglass Hills, KY5,6451033%
Buckhannon, WV5,64590-10%
Fairview, NY5,64611515%
Palmview, TX5,64473-27%
Source: The Palmview, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.