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.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
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.
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.
Paloma Creek, Texas is a smaller city with a population of 3,136 people. With a population density of 7,096 people per square mile, Paloma Creek is well above the nation's average density level. According to the most recent Census, 74% of Paloma Creek residents are White, 17% Black and 3% Asian. If you are a young adult or student, you might be pleased to know that the average age of all Paloma Creek residents is 33. Paloma Creek has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 70% of the population is classified as married and 69% have kids. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Paloma Creek entails a longer-than-average one-way commute time, averaging 36 minutes.
Living in Paloma Creek can be a great experience for anyone relocating to the town. Having said that, in the state of Texas, there are many amazing 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. Using the livability score which includes data from categories like amenities, commute, health & safety, housing, you can easily compare the best places to live in Paloma Creek and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Paloma Creek to Texas and the national average.
Paloma Creek, TX receives 72 out of 100 for its livability score; this results in a ranking of #250 in Texas and #5,524 in the USA. For each of the livability categories, we know that Paloma Creek ranks very well for crime (A), education (B-) and employment (A+). Paloma Creek does not do well for the following: amenities (F) and cost of living (D-). It might be a smart idea to take a closer look at each category to find out why.
The unemployment rate in Paloma Creek has consistently declined over the years and currently stands well below the national average at 2.6%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Paloma Creek excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
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 Paloma Creek is actually affordable. Median real estate prices in Paloma Creek come in at $379,905, which is 48% higher than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Paloma Creek, the home price to income ratio is 2.8, which is 12.5% lower than the Texas average.
| Statistic | Paloma Creek | Texas | National |
| Average one way commute | 36min | 26min | 26min |
| Workers who drive to work | 66.3% | 80.3% | 76.4% |
| Workers who carpool | 1.0% | 10.6% | 9.3% |
| Workers who take public transit | 0.7% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 5.5% | 1.6% | 2.8% |
| Working from home | 7.4% | 4.3% | 4.6% |
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