Cost of Living in Paloma Creek, TX
Population 3,250 · Texas · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Paloma Creek a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $309,000. The labor market has been unusually tight, with unemployment around 1.3% — below most comparable cities in the state.
Located 8 miles northwest of Frisco, Paloma Creek falls within that metro's commuting orbit. Median home values run roughly 48% lower than Frisco's $595,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Paloma Creek
The median home value in Paloma Creek is $308,500 — 1% above the national median of $305,000. Median rent runs $2,732/month, 108% higher than the national median of $1,314/month. The median household income of $88,850/year is 19% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 76.0°F and lows of 52.9°F. Overall, Paloma Creek has a cost of living index of 144 versus the US average of 100, meaning it is 44% more expensive.
Paloma Creek has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 56 | 60 | 68 | 75 | 83 | 91 | 96 | 96 | 88 | 78 | 66 | 57 |
| Low °F | 32 | 36 | 45 | 51 | 61 | 69 | 73 | 73 | 64 | 53 | 42 | 34 |
| Precip" | 1.94 | 2.48 | 3.11 | 3.43 | 4.52 | 3.67 | 1.77 | 2.39 | 2.65 | 4.17 | 2.71 | 2.76 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Paloma Creek, TX?
Paloma Creek has a cost index of 144 (100 = national average). It is 44% above the national average.
What is average rent in Paloma Creek, TX?
The median gross rent in Paloma Creek is $2,732 per month based on 2023 Census data.
What is the average home price in Paloma Creek?
The median home value in Paloma Creek is $308,500 according to 2023 Census ACS data.
What is the median income in Paloma Creek?
The median household income in Paloma Creek is $88,850 per year (2023 ACS 5-year estimates).
What is the sales tax in Paloma Creek, TX?
The combined state and local sales tax rate in Paloma Creek is 8.2%. Texas has no state income tax.
Is Paloma Creek, TX affordable?
Paloma Creek is above average in cost of living, with an index of 144 — about 44% higher than the national average.
What is the weather like in Paloma Creek?
Paloma Creek has average high temperatures of 76.0°F and average lows of 52.9°F. Annual precipitation is 35.6". Data from NOAA 1991–2020 Climate Normals.
Paloma Creek at a Glance
- Population
- 3,250
- Median Income
- $88,850
- Home Value
- $308,500
- Median Rent
- $2,732/mo
- Unemployment
- 1.3%
- Avg High Temp
- 76.0°F
- Sales Tax
- 8.2%
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Explore county-level cost of living data
Texas Rankings
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