Quick facts: Groom, TX

Quick Facts

99.5
Cost of Living
below US average
548
Population
9.12
Crime Rate per 1000
below US average
$51,944
Median Income
below US average
$215,000
Median House Price
above US average
$1563
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
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 $51,944.

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Income Needed to Buy

βœ— Stretch
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $51,944
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1563/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $51,944
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Groom, TX

Groom is a small town located in Carson County, Texas, with a population of around 600 residents as of the last census. Nestled along the historic U.S. Route 66, Groom serves as a charming stop for travelers exploring the old highway. The town boasts a rich history, with its establishment dating back to the early 1900s, originally serving as a railroad community. One of the town's notable landmarks is the 190-foot-tall cross, which stands as a prominent symbol in the region and is one of the tallest crosses in the Western Hemisphere. Groom's landscape is characterized by the wide-open Texas plains, offering picturesque views and a tranquil environment. The community has a friendly, small-town atmosphere and is known for its annual events, including local fairs that showcase its culture and traditions. While Groom may not be a bustling metropolis, it provides a glimpse into rural Texan life, with local shops, diners, and easy access to larger cities for more amenities. Overall, Groom is a quaint destination for those seeking a peaceful retreat or a piece of Americana along the historic Route 66.

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