Quick facts: Killeen, TX

Quick Facts

99.5
Cost of Living
below US average
159,172
Population
22.94
Crime Rate per 1000
below US average
$57,086
Median Income
below US average
$145,000
Median House Price
above US average
$871.45
Average Rent
below US average
15%
Poverty Rate
above US average
6.0%
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 $57,086.

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Income Needed to Buy

βœ“ Affordable
$45k/year
Based on $145,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,086) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$37k/year
Based on $871.45/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($57,086) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Killeen, TX

Killeen, Texas, is a vibrant city located in Central Texas and is part of the Killeen-Temple-Fort Hood Metropolitan Statistical Area. Known for its military presence due to nearby Fort Hood, one of the largest military installations in the world, Killeen boasts a diverse population and a rich cultural landscape. The city offers a variety of recreational activities, with numerous parks, hiking trails, and community events, catering to a family-friendly environment. Killeen's economic growth is supported by its military base as well as retail, healthcare, and education sectors. The city is home to Central Texas College and has a strong focus on vocational training and workforce development. Killeen's cultural scene includes annual events like the Killeen Rodeo and various festivals that celebrate the local community. With a warm climate, residents enjoy outdoor activities year-round. The city also provides easy access to major highways, connecting it to larger cities in Texas. Overall, Killeen combines a rich military heritage with a welcoming community spirit, making it an attractive place for both residents and visitors.

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