Quick facts: Indio, CA

Quick Facts

112.3
Cost of Living
above US average
91,980
Population
26.27
Crime Rate per 1000
above US average
$68,436
Median Income
below US average
$529,900
Median House Price
above US average
$5319.99
Average Rent
above US average
15%
Poverty Rate
above US average
6.2%
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 $68,436.

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Income Needed to Buy

βœ— Stretch
$166k/year
Based on $529,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $166k vs median $68,436
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Income Needed to Rent

⚠ Stretch
$228k/year
Based on $5319.99/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $228k vs median $68,436
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Indio, CA

Indio, California, located in the Coachella Valley, is known for its warm climate and vibrant cultural scene. As part of Riverside County, Indio is famous for hosting the Coachella Valley Music and Arts Festival and the Stagecoach Festival, which attract music lovers from around the world. The city is also home to a rich agricultural history, with date palms being a significant crop in the area. Indio is characterized by its desert landscape, offering stunning views of the surrounding mountains. Outdoor enthusiasts can enjoy activities like hiking, golfing, and exploring the nearby Joshua Tree National Park. Additionally, the city features a variety of parks, shops, and dining options, making it a lively destination for both residents and visitors. The population of Indio has been steadily growing, reflecting its appeal as a place to live and work. The city is also known for its diverse community and annual events that celebrate its cultural heritage, such as the Indio International Tamale Festival. Overall, Indio provides a unique blend of entertainment, outdoor activities, and rich traditions.

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