Living in Palm Valley, Texas
Cost of living, income, home prices, rent and demographics of Palm Valley · Census data 2020–2024
Palm Valley has 2,155 residents with a median age of 39.5. The median household income is $99,438 (27% higher than the Texas median), the median home value is $275,000, the median rent is $1,340/month.
Palm Valley at a glance
- Population
- 2,155
- Median age
- 39.5State: 35.6
- Median household income
- $99,438State: $78,476
- Median home value
- $275,000State: $283,800
- Median rent
- $1,340/moState: $1,403
- Homeowners
- 80.5%
- Bachelor's degree or higher
- 41.9%
- Average commute
- 28 min
Is Palm Valley a good place to live?
Pros: Median household income 27% higher than the Texas median; home values 3% lower than the state median; unemployment of 4.2%; a poverty rate of 2.6%.
Cons: An average commute of 28 minutes.
The weather is best in February–March and November–December.
Cost of living in Palm Valley
Housing is the biggest part of the cost of living. In Palm Valley the median home value is $275,000, 17% lower than the U.S. median. Renters pay a median of $1,340 per month, which is 22% of household income. Homeowners with a mortgage pay $1,924 a month in housing costs.
Palm Valley median household income
The median household income in Palm Valley is $99,438 and the income per person is $52,509. 2.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Palm Valley: homes for sale and rent
- Housing units
- 851
- Owner-occupied
- 80.5%
- Renter-occupied
- 19.5%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.76
Palm Valley demographics
- Population
- 2,155
- Median age
- 39.5
- Under 18
- 26.2%
- 65 and older
- 22.7%
- Households
- 781
- Foreign-born
- 11.7%
- Veterans
- 14.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Palm Valley ›
Education in Palm Valley
41.9% of adults 25 and older in Palm Valley have a bachelor's degree or higher (Texas: 33.8%), and 17.3% have a graduate or professional degree.
Jobs and commute in Palm Valley
- Unemployment rate
- 4.2%State: 5.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 13.4%
- Drive alone
- 72%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.6%
Palm Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palm Valley | 2,155 | $99,438 | $275,000 | $1,340 |
| Las Palmas II | 808 | $45,893 | $147,300 | $858 |
| Primera | 5,344 | $80,116 | $160,900 | $1,293 |
| Juarez | 196 | $21,474 | — | — |
| Combes | 3,178 | $45,504 | $143,900 | $782 |
| Harlingen | 72,087 | $53,645 | $140,600 | $928 |
| La Feria | 6,891 | $45,081 | $106,900 | $1,037 |
| Santa Rosa | 3,215 | $36,780 | $67,400 | $919 |
| Tierra Bonita | 405 | $49,847 | — | — |
More for people moving to Palm Valley
Palm Valley ZIP code ›Weather and climate ›Living in Palm Valley: FAQ
What is the median household income in Palm Valley, TX?
The median household income in Palm Valley is $99,438, 27% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palm Valley?
The median home value in Palm Valley is $275,000, compared with $283,800 in Texas.
How much is rent in Palm Valley?
The median gross rent in Palm Valley is $1,340 per month, about 22% of household income.
Is Palm Valley, TX a good place to live?
Pluses: median household income 27% higher than the Texas median; home values 3% lower than the state median; unemployment of 4.2%; a poverty rate of 2.6%. Minuses: an average commute of 28 minutes.
What is the median age in Palm Valley?
The median age in Palm Valley is 39.5 years (Texas: 35.6).
How long is the commute in Palm Valley?
The average commute to work in Palm Valley is 28 minutes; 13.4% of workers work from home.
What is the unemployment rate in Palm Valley?
The unemployment rate in Palm Valley is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palm Valley?
41.9% of adults in Palm Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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