Quick facts: Chico, CA

Quick Facts

105.3
Cost of Living
above US average
101,299
Population
29.72
Crime Rate per 1000
above US average
$65,932
Median Income
below US average
$449,000
Median House Price
above US average
$1841.14
Average Rent
above US average
20%
Poverty Rate
above US average
4.9%
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 $65,932.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $449,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $65,932
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Income Needed to Rent

⚠ Stretch
$79k/year
Based on $1841.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $79k vs median $65,932
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chico, CA

Chico, California, is a vibrant city located in Butte County, known for its rich history, beautiful parks, and a strong sense of community. With a population of approximately 100,000 residents, Chico offers a unique blend of small-town charm and urban amenities. One of its most notable features is Bidwell Park, one of the largest municipal parks in the U.S., where visitors can enjoy hiking, biking, and picnicking amidst scenic landscapes. Chico is home to California State University, Chico, which adds a youthful energy to the city and hosts various cultural events and educational opportunities. The city's downtown area is bustling with local shops, restaurants, and breweries, reflecting a thriving local economy. The climate in Chico is Mediterranean, characterized by hot, dry summers and mild, wet winters, making it an excellent year-round destination. Events like the annual Chico Wildflower Festival celebrate the city's natural beauty and attract nature enthusiasts. Overall, Chico combines outdoor adventure, educational institutions, and a lively community atmosphere, making it a desirable place to live and visit.

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