![]() ![]() Users may not reproduce or redistribute the data found on this site. The information included in this listing is provided by SABOR exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed. Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. This property listing is offered without respect to any protected classes in accordance with the law. and ZeroDown assume no responsibility for typographical errors, misprints or misinformation. Houston Realtors Information Service, Inc. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. The information included in this listing is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Houston Realtors Information Service, Inc., ZeroDown and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2023 Houston Realtors Information Service, Inc. Information deemed reliable but is not guaranteed accurate by ACTRIS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. The information being provided by ACTRIS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. So plan to ensure that your net income covers your needs and wants, so that you can live comfortably in Highland Park, TX. Another good rule of thumb is the 50-30-20 rule which says 50% of the net income (income after tax) should be spent on needs, 30% on wants, and 20% on savings and investments. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). For instance, if you know the typical housing costs in Highland Park, you can use widely followed simple rules to determine if you can afford it on your salary. Understanding the expected costs in Highland Park can help you determine whether a given salary is a livable salary. The minimum salary you need to live in Highland Park is the sum of your daily expenses (groceries, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payments and principal paydowns), as well as your savings and investment goals.Ī good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). The median income for an individual is $129,549, which is 245% more than that of the state. The median household income in Highland Park is $234,427, which is 248% more than that of the state. The median household income in a city certainly helps gauge the cost of living.
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