Paloma Creek South, TX Cost Of Living
Cost Of Living In Paloma Creek South, TX Summary
Cost of living in Paloma Creek South research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Paloma Creek South is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Paloma Creek South is 111, with 100 being the average.
The cost of living index in Paloma Creek South is 1.1x higher than the national average.
Paloma Creek South ranks as the #368 cheapest in Texas out of 405.
Paloma Creek South ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Paloma Creek South is $266,600.
The median income in Paloma Creek South is $123,927.
Table Of Contents
Paloma Creek South's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Paloma Creek South, TX?
According to the most recent data on the cost of living, Paloma Creek South has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Texas, Paloma Creek South has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Paloma Creek South ranks as #368 most affordable out of the 405 places we measured in Texas. By definition, that implies Paloma Creek South ranks as the #37 most expensive place in the Lone Star State.
For more reading on life in Paloma Creek South, check out:
- Living In Paloma Creek South
- Search Homes For Sale In Paloma Creek South, TX
In Texas
In America
Paloma Creek South Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Paloma Creek South. Here is how it fairs on each of the criteria:
The Services index in Paloma Creek South is 113.
The Groceries index in Paloma Creek South is 96.
The Health index in Paloma Creek South is 79.
The Housing index in Paloma Creek South is 129.
The Transportation index in Paloma Creek South is 97.
The Utilities index in Paloma Creek South is 110.
| Living Expense | Paloma Creek South | Texas | National Average | |
|---|---|---|---|---|
| Overall | 111 | 92 | 100 | |
| Services | 113 | 96 | 100 | |
| Groceries | 96 | 93 | 100 | |
| Health | 79 | 93 | 100 | |
| Housing | 129 | 84 | 100 | |
| Transportation | 97 | 92 | 100 | |
| Utilities | 110 | 104 | 100 | |
Paloma Creek South, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Paloma Creek South is $266,600.
The Median Rent in Paloma Creek South is $1,902.
The Median Income in Paloma Creek South is $123,927.
The Home Value To Income in Paloma Creek South is 2.2x.
The Rent To Monthly Income in Paloma Creek South is 0.18x.
| Statistic | Paloma Creek South | Texas | United States |
|---|---|---|---|
| Median Home Value | $266,600 | $202,600 | $244,900 |
| Median Rent | $1,902 | $1,146 | $1,163 |
| Median Income | $123,927 | $67,321 | $69,021 |
| Home Value To Income | 2.2x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Paloma Creek South, TX Costs By Category
Detailed Paloma Creek South Services Costs Vs. Texas
| Item | Paloma Creek South | Texas |
|---|---|---|
| Shampoo | $1.4 | $1.06 |
| Movie | $11.58 | $10.68 |
| Bowling | $21.11 | $14.67 |
| Haircut | $17.97 | $18.62 |
| Beauty Salon | $52.92 | $39.05 |
Detailed Paloma Creek South Groceries Costs Vs. Texas
| Item | Paloma Creek South | Texas |
|---|---|---|
| Ground Beef | $4.07 | $4.22 |
| Fried Chicken | $1.33 | $1.39 |
| Milk | $1.98 | $2.05 |
| Potatoes | $2.72 | $3.29 |
| Pizza | $12.8 | $10.62 |
| Beer | $9.91 | $9.38 |
| Toothpaste | $2.33 | $2.34 |
Detailed Paloma Creek South Health Costs Vs. Texas
| Item | Paloma Creek South | Texas |
|---|---|---|
| Optometrist | $125.0 | $108.57 |
| Doctor | $68.0 | $116.17 |
| Dentist | $75.75 | $99.13 |
Detailed Paloma Creek South Transportation Costs Vs. Texas
| Item | Paloma Creek South | Texas |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $52.86 | $50.07 |
Detailed Paloma Creek South Utilities Costs Vs. Texas
| Item | Paloma Creek South | Texas |
|---|---|---|
| All Electricity | $194.23 | $167.67 |
| Phone | $185.48 | $175.64 |
Paloma Creek South SnackAbility
/10
Cost Of Living In Cities Around Paloma Creek South
The cost of living varies in the cities and towns around Paloma Creek South. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.0x Paloma Creek South.
Frisco, TX has a cost of living index of 120, 1.1x Paloma Creek South.
McKinney, TX has a cost of living index of 112, 1.0x Paloma Creek South.
| City | Population | Cost Of Living | Vs. Paloma Creek South |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.0x |
| Frisco, TX | 193,140 | 120 | 1.1x |
| McKinney, TX | 189,394 | 112 | 1.0x |
| Carrollton, TX | 131,388 | 105 | 0.9x |
| Lewisville, TX | 110,077 | 100 | 0.9x |
| Allen, TX | 102,778 | 110 | 1.0x |
| Flower Mound, TX | 75,050 | 117 | 1.1x |
| Lakewood, WA | 62,972 | 115 | 1.0x |
| Little Elm, TX | 45,124 | 107 | 1.0x |
| The Colony, TX | 43,489 | 102 | 0.9x |
