Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Panorama Village is a smaller city located in the state of Texas. The city has a population of 2,641 inhabitants. The majority of Panorama Village residents report their race to be White; this is followed by Black and Asian. With an average age of 50 years, Panorama Village residents appear to be older compared to the national average. For seniors and retirees, this city presents itself as a compelling choice. 80% of the people in Panorama Village (over the age of 15) are married and 28% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Panorama Village your home, your one-way commute time will typically last around 29 minutes, a duration that aligns with the national average commute time of 26 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Panorama Village, Texas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. To help you find the best places to live in and around Panorama Village, AreaVibes has created a livability score using key metrics like amenities, commute, education and more.
Panorama Village, TX receives 61 out of 100 for its livability score; this results in a ranking of #944 in Texas and #16,021 in the USA. If we consider each of the categories individually, we see that Panorama Village ranks well for crime (A+), cost of living (A-), employment (B+) and housing (A+). On a more negative note, Panorama Village does not have favorable scores for the following: amenities (F). If we take a look at the data, we can find out why.
The Panorama Village unemployment rate of 1.33% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Panorama Village excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Panorama Village is actually affordable. The median home price for Panorama Village homes is $193,400, which is 35.5% higher than the Texas average. If we take a closer look at the affordability of homes in Panorama Village, we’ll see that the home price to income ratio is 2.9, which is 11.5% higher than the Texas average.
| Statistic | Panorama Village | Texas | National |
| Average one way commute | 29min | 26min | 26min |
| Workers who drive to work | 88.9% | 80.3% | 76.4% |
| Workers who carpool | 3.6% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.2% | 1.6% | 2.8% |
| Working from home | 6.8% | 4.3% | 4.6% |
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