Quick facts: La joya, TX

Quick Facts

99.5
Cost of Living
below US average
4,660
Population
9.87
Crime Rate per 1000
below US average
$51,412
Median Income
below US average
$155,000
Median House Price
above US average
$936.67
Average Rent
below US average
21%
Poverty Rate
above US average
6.7%
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 $51,412.

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Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $155,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($51,412) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $936.67/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($51,412) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for La joya, TX

La Joya is a small city located in Hidalgo County in the southern region of Texas, near the border with Mexico. With a population of approximately 4,000 residents, La Joya is part of the larger McAllen-Edinburg-Mission metropolitan area, which is known for its vibrant culture and diverse community. The city is characterized by its warm, semi-arid climate, which features hot summers and mild winters. The region is primarily agricultural, with many local farms producing crops such as citrus fruits, vegetables, and cotton. La Joya also has a rich cultural heritage, influenced by both American and Mexican traditions, evident in its festivals, cuisine, and community events. Residents enjoy access to local amenities, including parks, schools, and small businesses that contribute to the city's close-knit atmosphere. Nearby larger cities like Edinburg and McAllen provide additional entertainment, shopping, and dining options. La Joya is also conveniently located near major highways, making it accessible for commuters traveling to larger urban centers. Overall, La Joya offers a unique blend of rural charm and accessibility to urban life.

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