Quick facts: Modesto, CA

Quick Facts

105.3
Cost of Living
above US average
218,069
Population
41.44
Crime Rate per 1000
above US average
$73,375
Median Income
below US average
$430,000
Median House Price
above US average
$1797.21
Average Rent
above US average
16%
Poverty Rate
above US average
6.7%
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 $73,375.

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Income Needed to Buy

βœ— Stretch
$135k/year
Based on $430,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $135k vs median $73,375
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1797.21/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $73,375
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Modesto, CA

Modesto, California, is a vibrant city nestled in the heart of California's Central Valley, primarily known for its agricultural contributions and a growing urban landscape. Established in the late 1800s, Modesto has a rich history reflected in its charming downtown, featuring historic architecture and a variety of dining and shopping options. The city is famous for its fertile farmlands, with a strong emphasis on grape, almond, and walnut production. This agricultural abundance allows Modesto to host various farmers’ markets and community events that celebrate local produce. Additionally, it's recognized for its cultural scene, including the Gallo Center for the Arts, which showcases performances from music to theater. Outdoor enthusiasts will appreciate Modesto's parks and nearby nature, including the Stanislaus River and local hiking trails. The city benefits from a Mediterranean climate with hot, dry summers and mild, wet winters. Modesto also serves as a hub for various events, including the popular Modesto Stanislaus County Fair and the annual Graffiti Festival, reflecting the city's historical connection to car culture. With a diverse population and a community-oriented atmosphere, Modesto combines small-town charm with urban amenities.

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