Quick facts: Sweetwater, TX

Quick Facts

99.5
Cost of Living
below US average
10,408
Population
19.89
Crime Rate per 1000
below US average
$44,306
Median Income
below US average
$155,000
Median House Price
above US average
$1400.0
Average Rent
below US average
15%
Poverty Rate
above US average
5.4%
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 $44,306.

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Income Needed to Buy

βœ— Stretch
$49k/year
Based on $155,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $49k vs median $44,306
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Income Needed to Rent

⚠ Stretch
$60k/year
Based on $1400.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $60k vs median $44,306
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sweetwater, TX

Sweetwater, located in Nolan County, Texas, is a small city with a rich history and a vibrant community. Known as the "Gateway to the West," Sweetwater boasts a population of around 10,000 residents. The city nestled between the rolling plains of West Texas, is famous for its iconic murals, which depict various aspects of local culture and history. Sweetwater is well-known for its annual events, most notably the Sweetwater Rodeo, one of the largest in Texas, attracting visitors from all over. The city also hosts the Sweetwater Jaycee's Watermelon Festival, celebrating the region's agricultural heritage. Nearby attractions include Lake Sweetwater, a popular spot for fishing, boating, and picnicking, providing residents and visitors a place to enjoy outdoor activities. The city's historic downtown features unique shops and restaurants, fostering a close-knit community atmosphere. Sweetwater's economy thrives on agriculture, oil production, and manufacturing, contributing to its growth and stability. With its friendly residents, rich traditions, and inviting atmosphere, Sweetwater captures the charm of small-town Texas while offering access to larger metropolitan areas nearby.

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