Quick facts: Friona, TX

Quick Facts

99.5
Cost of Living
below US average
4,053
Population
4.93
Crime Rate per 1000
below US average
$67,837
Median Income
below US average
$250,000
Median House Price
above US average
$760.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.0%
Unemployment Rate
below 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 $67,837.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $67,837
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Income Needed to Rent

βœ“ Affordable
$33k/year
Based on $760.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($67,837) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Friona, TX

Friona is a small city located in Parmer County in the Texas Panhandle. With a population of just over 4,000 residents, it offers a close-knit community atmosphere. Friona is known for its vibrant agricultural sector, particularly its dairy and cattle production. The city's economy is heavily influenced by farming and ranching, which are integral to the local culture. One of the notable attractions in Friona is the annual β€œFriona Cow Chip Contest,” a quirky event that draws visitors from surrounding areas, showcasing the city’s unique sense of humor and community spirit. The city also boasts several parks and recreational facilities, promoting outdoor activities for families and visitors alike. Friona's location along U.S. Highway 60 provides easy access to larger cities, making it a convenient spot for those looking to explore the Texas Panhandle. With a friendly atmosphere and rich agricultural heritage, Friona embodies the charm of small-town Texas while celebrating its rural roots.

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