Palmview, TX

Very Low · 42

Texas · Population 15,650 · Updated March 2026

$689
Median Rent / Month
$46,274
Median Income
$109,400
Median Home Value
$596
Owner Costs / Month

Affordability

How far your income goes in Palmview

17.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$8,268
Annual Rent
$0
State Income Tax
$1,750
Property Tax (est.)

Cost of Living Overview

Palmview is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 42 (where 100 equals the national median), Palmview residents can expect to pay median rent of $689/month while earning a median household income of $46,274/year.

The median home value in Palmview, TX is $109,400, with typical monthly owner costs around $596 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Palmview.

Frequently Asked Questions

Common questions about living costs in Palmview

What is the cost of living in Palmview, TX?
The cost of living index in Palmview, TX is 42 (US average = 100). Median monthly rent is $689, median household income is $46,274/year, and the median home value is $109,400.
Is Palmview, TX affordable?
Yes, Palmview is more affordable than the national average with a cost index of 42. The rent-to-income ratio is 17.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Palmview, TX?
The median gross rent in Palmview, TX is $689 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,268.
What is the median household income in Palmview?
The median household income in Palmview, TX is $46,274 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.