Living in Paloma Creek, Texas
Cost of living, income, home prices, rent and demographics of Paloma Creek · Census data 2020–2024
Paloma Creek has 3,016 residents with a median age of 29.6. The median household income is $91,534 (17% higher than the Texas median), the median home value is $346,800, the median rent is $2,576/month.
Paloma Creek at a glance
- Population
- 3,016
- Median age
- 29.6State: 35.6
- Median household income
- $91,534State: $78,476
- Median home value
- $346,800State: $283,800
- Median rent
- $2,576/moState: $1,403
- Homeowners
- 70.1%
- Bachelor's degree or higher
- 35.4%
- Average commute
- 32 min
Is Paloma Creek a good place to live?
Pros: Median household income 17% higher than the Texas median; unemployment of 3.3%; a poverty rate of 11.4%.
Cons: Home values 22% higher than the state median; an average commute of 32 minutes.
The weather is best in March to May and October.
Cost of living in Paloma Creek
Housing is the biggest part of the cost of living. In Paloma Creek the median home value is $346,800, 4% higher than the U.S. median. Renters pay a median of $2,576 per month, which is 36% of household income. Homeowners with a mortgage pay $2,029 a month in housing costs.
Paloma Creek median household income
The median household income in Paloma Creek is $91,534 and the income per person is $37,693. 11.4% of residents live below the poverty line (Texas: 13.8%).
Housing in Paloma Creek: homes for sale and rent
- Housing units
- 979
- Owner-occupied
- 70.1%
- Renter-occupied
- 29.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2006
- Average household size
- 3.08
Paloma Creek demographics
- Population
- 3,016
- Median age
- 29.6
- Under 18
- 31%
- 65 and older
- 2.9%
- Households
- 979
- Foreign-born
- 9.4%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Paloma Creek ›
Education in Paloma Creek
35.4% of adults 25 and older in Paloma Creek have a bachelor's degree or higher (Texas: 33.8%), and 2.3% have a graduate or professional degree.
Jobs and commute in Paloma Creek
- Unemployment rate
- 3.3%State: 5.3%
- Average commute
- 32 minState: 27 min
- Work from home
- 14.6%
- Drive alone
- 59.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.6%
Paloma Creek vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paloma Creek | 3,016 | $91,534 | $346,800 | $2,576 |
| Paloma Creek South | 8,860 | $121,747 | $364,900 | $2,664 |
| Providence Village | 8,721 | $110,430 | $351,000 | $2,413 |
| Savannah | 6,469 | $142,868 | $400,000 | $2,000 |
| Little Elm | 54,820 | $119,219 | $420,700 | $1,953 |
| Cross Roads | 2,035 | $124,145 | $632,300 | $1,750 |
| Krugerville | 1,577 | $117,917 | $426,000 | — |
| Oak Point | 5,887 | $126,290 | $395,900 | $2,227 |
| Hackberry | 2,979 | $109,769 | $416,600 | $2,208 |
More for people moving to Paloma Creek
Paloma Creek ZIP code ›Weather and climate ›Living in Paloma Creek: FAQ
What is the median household income in Paloma Creek, TX?
The median household income in Paloma Creek is $91,534, 17% 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 Paloma Creek?
The median home value in Paloma Creek is $346,800, compared with $283,800 in Texas.
How much is rent in Paloma Creek?
The median gross rent in Paloma Creek is $2,576 per month, about 36% of household income.
Is Paloma Creek, TX a good place to live?
Pluses: median household income 17% higher than the Texas median; unemployment of 3.3%; a poverty rate of 11.4%. Minuses: home values 22% higher than the state median; an average commute of 32 minutes.
What is the median age in Paloma Creek?
The median age in Paloma Creek is 29.6 years (Texas: 35.6).
How long is the commute in Paloma Creek?
The average commute to work in Paloma Creek is 32 minutes; 14.6% of workers work from home.
What is the unemployment rate in Paloma Creek?
The unemployment rate in Paloma Creek is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paloma Creek?
35.4% of adults in Paloma Creek 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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