Quick facts: Cameron, TX

Quick Facts

99.5
Cost of Living
below US average
425,208
Population
0.24
Crime Rate per 1000
below US average
$47,435
Median Income
below US average
$249,000
Median House Price
above US average
$1012.86
Average Rent
below US average
15%
Poverty Rate
above US average
6.2%
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 $47,435.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $47,435
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Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1012.86/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,435) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cameron, TX

Cameron is a small city located in Milam County, Texas. It serves as the county seat and is positioned in the central part of the state, approximately 30 miles east of the larger city of Waco. With a population of around 5,000 residents, Cameron exudes a tight-knit community feel, reflecting the charm of small-town Texas. The city features a mix of historic and modern architecture, with several buildings dating back to the late 19th century. Cameron is known for its vibrant local events, including annual festivals that celebrate the area's rich cultural heritage. The local economy is primarily driven by agriculture, with cotton and cattle ranching playing significant roles. Outdoor enthusiasts can enjoy nearby parks and recreational facilities, as well as the scenic landscapes of central Texas. Cameron also has a strong community focus, with schools, churches, and local organizations fostering a sense of belonging among residents. Overall, Cameron offers a unique blend of history, culture, and a relaxed pace of life, making it an appealing place for those looking to escape the hustle and bustle of larger cities.

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