Quick facts: Beaumont, TX

Quick Facts

90.5
Cost of Living
below US average
112,089
Population
49.09
Crime Rate per 1000
above US average
$53,745
Median Income
below US average
$89,900
Median House Price
above US average
$1060.95
Average Rent
below US average
17%
Poverty Rate
above US average
6.3%
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 $53,745.

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Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $89,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,745) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$45k/year
Based on $1060.95/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,745) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beaumont, TX

Beaumont is a vibrant city located in Southeast Texas, known for its rich cultural heritage, diverse population, and significant historical landmarks. As the largest city in Jefferson County, Beaumont serves as a hub for business, industry, and education in the region. It played a pivotal role in the Texas oil boom of the early 20th century, establishing itself as a key player in the energy sector. The city boasts a variety of attractions, including the Beaumont Botanical Gardens, which feature beautiful landscaped grounds, and the Texas Energy Museum, showcasing the evolution of the oil industry. Outdoor enthusiasts can explore the nearby Big Thicket National Preserve, famous for its diverse ecosystems and recreational opportunities. Beaumont is also home to a range of cultural events and festivals, reflecting its Southern charm and community spirit. The city's cuisine offers a taste of Texas with local specialties, including seafood dishes influenced by its proximity to the Gulf Coast. With a mix of history, culture, and natural beauty, Beaumont is a unique destination in the Lone Star State.

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