Quick facts: Pampa, TX

Quick Facts

99.5
Cost of Living
below US average
16,612
Population
27.57
Crime Rate per 1000
above US average
$52,966
Median Income
below US average
$115,000
Median House Price
above US average
$1155.5
Average Rent
below US average
14%
Poverty Rate
above US average
3.4%
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 $52,966.

🏠

Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,966) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$50k/year
Based on $1155.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($52,966) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pampa, TX

Pampa, Texas, located in Gray County, is a small city known for its rich history and strong community spirit. Founded in the early 20th century, Pampa became an important hub during the Texas oil boom. The city showcases a blend of Western charm and modern amenities, making it a pleasant place to live and visit. Pampa offers a range of recreational activities, from parks and sports facilities to local events celebrating its agricultural heritage. The Pampa H2O Aquatic Center is a popular destination, providing family-friendly fun during the hot Texas summers. The city's downtown area features unique shops and local eateries that reflect the local culture. Culturally, Pampa is home to the White Deer Land Museum, which highlights the area's history and connection to the oil industry. The city also hosts annual events like the Pampa Fall Festival, drawing visitors from surrounding areas. With a population of roughly 17,000, Pampa maintains a tight-knit community feel, making it an inviting place for families and newcomers alike. Its location allows for easy access to larger cities, while retaining the charm of a small town.

πŸ” Search & Compare Places

First Location πŸ“