Quick facts: Andrews, TX

Quick Facts

99.5
Cost of Living
below US average
13,276
Population
19.36
Crime Rate per 1000
below US average
$86,806
Median Income
above US average
$210,000
Median House Price
above US average
$1229.0
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $86,806.

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Income Needed to Buy

βœ“ Affordable
$66k/year
Based on $210,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($86,806) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1229.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,806) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Andrews, TX

Andrews, Texas, is a small city located in the western part of the state, primarily within Andrews County. It boasts a population of around 13,000 residents and serves as a hub for the local oil and gas industry, given its proximity to significant reserves. The city is characterized by a blend of ranching culture and energy production, which drives much of its economy. The local landscape features wide-open spaces and a semi-arid climate, with hot summers and mild winters. Outdoor enthusiasts can enjoy activities like hiking and fishing in nearby areas. Andrews is also home to several parks and recreational facilities, making it a friendly environment for families. Culturally, the city hosts various events that reflect its heritage, including rodeos and community festivals. Education is served by the Andrews Independent School District, providing quality schooling for local youth. Overall, Andrews, TX, offers a tight-knit community atmosphere with the economic opportunities typical of a region tied to the energy sector.

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