Quick facts: Bakersfield, CA

Quick Facts

95.0
Cost of Living
below US average
410,647
Population
44.59
Crime Rate per 1000
above US average
$73,827
Median Income
below US average
$343,500
Median House Price
above US average
$1658.0
Average Rent
above US average
21%
Poverty Rate
above US average
6.3%
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 $73,827.

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Income Needed to Buy

βœ— Stretch
$108k/year
Based on $343,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $108k vs median $73,827
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Income Needed to Rent

βœ“ Affordable
$71k/year
Based on $1658.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($73,827) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bakersfield, CA

Bakersfield, located in the southern part of California's San Joaquin Valley, is known for its vibrant agriculture, energy production, and rich cultural history. With a population of over 400,000, it is the ninth-most populous city in California. The city serves as a regional hub for oil production, agriculture, and transportation, making it a vital economic center in the state. Bakersfield is characterized by its warm, semi-arid climate, featuring hot, dry summers and mild winters, making it suitable for outdoor activities year-round. The area boasts several parks and recreational opportunities, including the Kern River and the nearby Sierra Nevada mountains, where residents and visitors can enjoy hiking, camping, and fishing. Cultural attractions include the Buck Owens Crystal Palace, which celebrates the city’s country music heritage, and the California Living Museum, which showcases local wildlife and ecosystems. Bakersfield is also home to a burgeoning art scene, with galleries and theaters providing a platform for local artists. With its blend of agriculture, industry, and culture, Bakersfield offers a unique lifestyle that attracts a diverse community.

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