Quick facts: Mesquite, TX

Quick Facts

105.3
Cost of Living
above US average
147,899
Population
40.97
Crime Rate per 1000
above US average
$69,649
Median Income
below US average
$275,000
Median House Price
above US average
$1988.39
Average Rent
above US average
9%
Poverty Rate
below US average
4.5%
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 $69,649.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $69,649
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1988.39/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $69,649
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mesquite, TX

Mesquite, Texas, is a vibrant city located in Dallas County, just east of Dallas. Known for its rich history and family-friendly atmosphere, Mesquite offers a blend of urban conveniences and suburban charm. With a population of around 140,000, it is one of the larger cities in the Dallas-Fort Worth metropolitan area. The city's history dates back to the 19th century, and it has evolved into a bustling community with a diverse economy featuring retail, manufacturing, and healthcare industries. Mesquite is famous for its annual events, including the Mesquite Rodeo, which showcases the area's cowboy culture and attracts visitors from all over. Recreation is abundant in Mesquite, with numerous parks, sports complexes, and the prestigious Mesquite Golf Club. The city's thriving arts scene includes the Mesquite Arts Center, hosting various performances and exhibits. With convenient access to major highways and proximity to Dallas, residents enjoy a mix of lively city life and comfortable suburban living. Mesquite also offers strong educational opportunities and community services, making it an attractive destination for families and individuals alike.

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