Quick facts: Lafayette, CA

Quick Facts

127.6
Cost of Living
above US average
25,044
Population
14.45
Crime Rate per 1000
below US average
$219,250
Median Income
above US average
$1,595,000
Median House Price
above US average
$2564.91
Average Rent
above US average
2%
Poverty Rate
below US average
4.1%
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 $219,250.

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Income Needed to Buy

βœ— Stretch
$500k/year
Based on $1,595,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $500k vs median $219,250
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Income Needed to Rent

βœ“ Affordable
$110k/year
Based on $2564.91/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($219,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lafayette, CA

Lafayette is a charming suburban city located in Contra Costa County, California, nestled in the San Francisco Bay Area. Known for its scenic beauty and community-focused lifestyle, Lafayette offers a blend of suburban tranquility and proximity to urban amenities. The city boasts excellent schools, making it an attractive destination for families. The downtown area features local boutiques, cafes, and restaurants that foster a warm, small-town atmosphere. Lafayette is also known for its outdoor recreational opportunities, with numerous parks and trails, including the popular Lafayette Reservoir, which is perfect for hiking, picnicking, and water activities. The city hosts various community events throughout the year, enhancing its tight-knit community feel. Accessible via major highways and public transit options, Lafayette offers easy commutes to nearby cities such as Walnut Creek and Berkeley. With its picturesque settings, vibrant community spirit, and high quality of life, Lafayette continues to be a desirable place to live in the Bay Area.

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