Quick facts: Ontario, CA

Quick Facts

115.3
Cost of Living
above US average
184,705
Population
5.54
Crime Rate per 1000
below US average
$67,659
Median Income
below US average
$625,000
Median House Price
above US average
$3221.14
Average Rent
above US average
14%
Poverty Rate
above US average
5.1%
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 $67,659.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $67,659
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Income Needed to Rent

⚠ Stretch
$138k/year
Based on $3221.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $138k vs median $67,659
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ontario, CA

Ontario, California, is a vibrant city located in San Bernardino County, part of the Inland Empire region. Known for its diverse population and rich history, Ontario was established in the late 19th century and has since evolved into a bustling urban center. The city is renowned for its convenient location, with easy access to major highways, including the I-10 and I-15, making it an ideal hub for commuters. Ontario boasts a range of attractions, including the Ontario Mills shopping mall, which is one of the largest outlet malls in Southern California, featuring various shops, restaurants, and entertainment options. The city is also home to the Ontario International Airport, providing convenient flight options for both leisure and business travelers. In addition to shopping and dining, the city offers several parks, recreational facilities, and cultural events, making it a family-friendly destination. The annual Ontario Optimist Football and Cheer Festival and other community events foster a sense of local pride and engagement. With a growing economy, diverse culture, and abundant amenities, Ontario continues to be an attractive location for residents and visitors alike, combining urban living with a friendly, small-town feel.

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