Quick facts: Edinburg, TX

Quick Facts

90.2
Cost of Living
below US average
104,294
Population
25.65
Crime Rate per 1000
above US average
$54,139
Median Income
below US average
$325,000
Median House Price
above US average
$1328.57
Average Rent
below US average
21%
Poverty Rate
above US average
5.3%
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 $54,139.

🏠

Income Needed to Buy

βœ— Stretch
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $54,139
🏒

Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1328.57/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $54,139
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Edinburg, TX

Edinburg, Texas, located in the heart of the Rio Grande Valley, is a vibrant city that serves as the county seat of Hidalgo County. With a population of over 85,000, it is one of the fastest-growing cities in the U.S. Known for its rich cultural heritage, Edinburg features a blend of Mexican and Texan influences reflected in its cuisine, festivals, and community events. The city is home to the University of Texas Rio Grande Valley, which contributes to its educational and economic dynamics. Edinburg boasts a warm climate, making it an appealing destination year-round. Outdoor enthusiasts can explore attractions like the Edinburg Scenic Wetlands and World Birding Center, offering diverse wildlife and natural beauty. The city's historic downtown area is vibrant, with shops, dining, and cultural sites. Annual events such as the Fiesta Edinburg celebrate local culture and traditions, fostering a sense of community. With its strategic location near the U.S.-Mexico border, Edinburg is an essential hub for trade and commerce, making it a significant player in the region’s economy.

πŸ” Search & Compare Places

First Location πŸ“