Cost of Living in Palmer, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
136.3
100 = national avg
+36.3 vs national average
Living Wage (1 Adult)
$59,990
per year
Living Wage (Family of 4)
$141,795
per year
Cost Index by Category
Housing157.8
Food116.8
Transportation133.6
Healthcare113.4
Utilities121.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in Palmer is 136.3, which is 36.3% above the national average. Housing costs are above the national average at an index of 157.8. A single adult needs to earn approximately $59,990 per year to cover basic expenses.