Quick facts: Los banos, CA

Quick Facts

127.6
Cost of Living
above US average
47,044
Population
21.98
Crime Rate per 1000
below US average
$76,164
Median Income
below US average
$474,999
Median House Price
above US average
$2305.34
Average Rent
above US average
15%
Poverty Rate
above US average
12.0%
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 $76,164.

🏠

Income Needed to Buy

βœ— Stretch
$149k/year
Based on $474,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $76,164
🏒

Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2305.34/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $76,164
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Los banos, CA

Los Banos is a charming city located in Merced County, California, known for its agricultural roots and small-town atmosphere. Nestled in the San Joaquin Valley, it serves as a gateway to various outdoor recreational activities, thanks to its proximity to the San Luis Reservoir and nearby wildlife areas. Agriculture plays a significant role in the local economy, with crops like almonds, tomatoes, and various fruits dominating the landscape. The city is approximately 125 miles east of San Francisco, making it a favorable location for those seeking the peace of rural life while still being within commuting distance to larger urban centers. Los Banos boasts a community-focused environment, with several parks, schools, and local shops that cater to residents and visitors alike. Cultural events and festivals are hosted throughout the year, promoting a strong sense of community. The city's diverse demographics contribute to a vibrant local culture. Overall, Los Banos combines the charm of small-town living with the conveniences of nearby urban areas, making it an appealing destination for families and outdoor enthusiasts.

πŸ” Search & Compare Places

First Location πŸ“