Quick facts: Fresno, CA

Quick Facts

127.6
Cost of Living
above US average
545,567
Population
38.5
Crime Rate per 1000
above US average
$63,001
Median Income
below US average
$125,000
Median House Price
above US average
$2247.5
Average Rent
above US average
20%
Poverty Rate
above US average
6.6%
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 $63,001.

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Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,001) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2247.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $63,001
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fresno, CA

Fresno is a vibrant city located in the heart of California's San Joaquin Valley. Known for its agriculture, Fresno is one of the largest producers of fruits, vegetables, and nuts in the United States. The city is surrounded by stunning natural landscapes, including the Sierra Nevada mountains and several national parks, such as Yosemite and Kings Canyon, making it an ideal hub for outdoor enthusiasts. Fresno features a diverse population and a rich cultural scene, with numerous festivals, art galleries, and museums. The Fresno Chaffee Zoo and the Discovery Center offer family-friendly activities, while the historic Tower District is known for its eclectic restaurants and nightlife. Economically, Fresno is a growing city with a focus on healthcare, education, and manufacturing. It is home to California State University, Fresno, which enriches the local culture and economy. With its warm climate, friendly communities, and a variety of activities, Fresno offers a unique blend of urban and rural experiences, making it a great place to live, work, and explore.

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