Quick facts: Mingus, TX

Quick Facts

99.5
Cost of Living
below US average
230
Population
869.57
Crime Rate per 1000
above US average
$46,250
Median Income
below US average
$280,000
Median House Price
above US average
$1563
Average Rent
above US average
12%
Poverty Rate
above 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 $46,250.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $46,250
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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 $46,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mingus, TX

Mingus is a small, unincorporated community located in Eastland County, Texas. Situated approximately 14 miles south of the city of Eastland, Mingus offers a quiet, rural atmosphere typical of small Texas towns. The area is characterized by its rolling hills, expansive ranchlands, and a close-knit community. Mingus was established in the late 19th century and has maintained much of its historical charm. Although the population is limited, the community is known for its friendly residents and local gatherings. The nearby Eastland Lake provides recreational opportunities, such as fishing and boating, appealing to those who enjoy outdoor activities. The town's rural setting allows for stunning views of Texas skies, especially at sunset, while local diners and family-owned businesses give a taste of traditional Texan hospitality. Ideal for those seeking tranquility away from urban life, Mingus provides a glimpse into the heart of Texas rural culture. While amenities are limited, the sense of community and scenic landscape make it a unique place to visit or reside.

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