Quick facts: Millbrae, CA

Quick Facts

127.6
Cost of Living
above US average
22,071
Population
19.66
Crime Rate per 1000
below US average
$146,649
Median Income
above US average
$1,400,000
Median House Price
above US average
$4140.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.4%
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 $146,649.

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Income Needed to Buy

βœ— Stretch
$439k/year
Based on $1,400,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $439k vs median $146,649
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Income Needed to Rent

⚠ Stretch
$177k/year
Based on $4140.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $177k vs median $146,649
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Millbrae, CA

Millbrae is a charming city located in San Mateo County, California, situated just south of San Francisco. Known for its suburban feel and close-knit community, Millbrae boasts a population of around 22,000 residents. The city is characterized by its tree-lined streets, inviting parks, and a strong emphasis on family-friendly living. Millbrae is famous for its historic downtown area, featuring a variety of shops, restaurants, and cafes that reflect the local culture. One of its notable landmarks is the Millbrae Intermodal Station, which serves as a major transit hub connecting BART, Caltrain, and SamTrans, facilitating easy access to San Francisco and Silicon Valley. The city is also home to several parks, such as Millbrae Skate Park and Central Park, which provide recreational opportunities for residents. Education is a priority here, with highly-rated public schools serving the community. Millbrae’s proximity to San Francisco International Airport makes it a convenient spot for travelers and businesses alike. With its blend of residential charm and urban convenience, Millbrae is a desirable place to live or visit in the Bay Area.

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