Quick facts: Arlington, TX

Quick Facts

98.5
Cost of Living
below US average
394,602
Population
30.81
Crime Rate per 1000
above US average
$71,736
Median Income
below US average
$297,000
Median House Price
above US average
$1970.96
Average Rent
above US average
10%
Poverty Rate
below US average
4.3%
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 $71,736.

🏠

Income Needed to Buy

βœ— Stretch
$93k/year
Based on $297,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $71,736
🏒

Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1970.96/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $71,736
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Arlington, TX

Arlington, Texas, located in the heart of the Dallas-Fort Worth Metroplex, is a vibrant city known for its entertainment, sports, and cultural attractions. With a population of over 390,000, it is one of the largest cities in Texas. Arlington boasts a diverse economy, thriving educational institutions, and a rich history. The city is home to the Texas Rangers' Globe Life Park, the Dallas Cowboys' AT&T Stadium, and the Six Flags Over Texas amusement park, making it a popular destination for sports fans and thrill-seekers alike. Arlington’s City Center offers a blend of retail, dining, and cultural experiences, with the Arlington Museum of Art and a variety of performance venues enriching the local arts scene. Parks and recreational areas, such as River Legacy Park and Lake Arlington, provide residents and visitors with ample opportunities for outdoor activities. The city enjoys a mild climate, typical of North Texas, contributing to its appeal year-round. With its mix of urban amenities and community-focused living, Arlington represents a dynamic blend of Texas culture and modernity.

πŸ” Search & Compare Places

First Location πŸ“