Quick facts: Costa mesa, CA

Quick Facts

127.6
Cost of Living
above US average
109,521
Population
37.13
Crime Rate per 1000
above US average
$104,981
Median Income
above US average
$1,510,000
Median House Price
above US average
$2796
Average Rent
above US average
9%
Poverty Rate
below US average
3.6%
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 $104,981.

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Income Needed to Buy

βœ— Stretch
$474k/year
Based on $1,510,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $474k vs median $104,981
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2796/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $104,981
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Costa mesa, CA

Costa Mesa, located in Orange County, California, is a vibrant city known for its blend of urban development and outdoor spaces. With a population of around 113,000, it serves as a hub for arts, culture, and commerce. The city boasts a thriving downtown area featuring a mix of shopping, dining, and entertainment options. The South Coast Plaza, one of the largest shopping centers in the U.S., is renowned for its luxury retail stores and theaters. Culturally, Costa Mesa is home to several arts institutions, including the Segerstrom Center for the Arts, which hosts various performances ranging from ballet to Broadway shows. The city also embraces its artistic side through public art installations and events, such as the annual Costa Mesa ArtWalk. For outdoor enthusiasts, Costa Mesa offers parks and recreational areas, like Fairview Park and the Costa Mesa Golf Course, perfect for hiking, picnicking, and golfing. Additionally, its proximity to the beautiful beaches of Newport and Huntington Beach adds to its appeal. Overall, Costa Mesa is a dynamic city that balances urban life with artistic expression and outdoor enjoyment, making it a desirable place to live and visit.

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