Cost of Living in Paloma Creek South, TX
Cost of Living in Paloma Creek South, TX has an overall index of 114, 14% above the U.S. baseline of 100. The typical home value is $342,800; typical monthly rent is $2,366; and median household income is $137,585.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Paloma Creek South
Living in Paloma Creek South
Is Paloma Creek South, TX an expensive place to live?+
Yes — Paloma Creek South is about 14% more expensive than the national average, with an overall Cost Index of 114. Housing is the biggest factor: the typical home here is valued around $342,800, and monthly rents average roughly $2,366. Day-to-day costs like groceries and utilities tend to run closer to the national norm.
How does Paloma Creek South fit a household housing budget?+
Start with housing. Typical monthly rent is $2,366, while local median household income is $137,585. That implies a rent-burden proxy of about 21% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Paloma Creek South, TX?+
This model applies no broad Texas wage-income tax. Applying the 1.6% state-level effective owner-occupied proxy to a home worth $342,800 gives a planning estimate near $5,485 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.19%.
How much does it cost to rent in Paloma Creek South, TX?+
The typical monthly rent in Paloma Creek South is around $2,366. That's about 76% higher than the $1,348 national median. For comparison, the median home value here is $342,800, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Paloma Creek South, TX?+
The typical home value in Paloma Creek South is $342,800. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,664/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 83% of residents here own their homes.
Are groceries and utilities expensive in Paloma Creek South?+
Grocery prices in Paloma Creek South are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Paloma Creek South, TX like to live in?+
Paloma Creek South is a small town with a population of about 8,797. The median age of residents is 34.4, which is close to the national median. The local poverty rate is 1.76%, well below the national average of 12.4%.