Quick facts: Carrollton, TX

Quick Facts

102.3
Cost of Living
above US average
133,820
Population
18.64
Crime Rate per 1000
below US average
$95,380
Median Income
above US average
$375,000
Median House Price
above US average
$1722.55
Average Rent
above US average
9%
Poverty Rate
below US average
3.7%
Unemployment Rate
below 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 $95,380.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $95,380
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Income Needed to Rent

βœ“ Affordable
$74k/year
Based on $1722.55/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($95,380) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carrollton, TX

Carrollton, Texas, is a vibrant city nestled in the Dallas-Fort Worth metropolitan area. Known for its diverse culture and community, Carrollton is home to around 140,000 residents. The city offers a mix of suburban charm and urban amenities, making it an attractive place for families and professionals alike. Carrollton boasts an extensive parks and recreation system, featuring over 30 parks, sports complexes, and walking trails. The city hosts various events throughout the year, celebrating its multicultural heritage, including the popular Asian Festival and the annual Carrollton Festival at the Grove. Located conveniently near major highways, Carrollton provides easy access to the larger metropolitan area, including Dallas and Fort Worth. The city has a robust economy with a focus on technology, retail, and healthcare, contributing to a thriving business environment. Educationally, Carrollton is served by several reputable school districts and is close to higher education institutions. Residents enjoy a variety of dining, shopping, and entertainment options, reflecting its rich cultural diversity. Overall, Carrollton is an ideal place for those seeking a balanced lifestyle in a dynamic environment.

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