Quick facts: Sacramento, CA

Quick Facts

112.3
Cost of Living
above US average
528,001
Population
37.42
Crime Rate per 1000
above US average
$78,954
Median Income
below US average
$734,000
Median House Price
above US average
$2208
Average Rent
above US average
12%
Poverty Rate
above US average
5.0%
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 $78,954.

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Income Needed to Buy

βœ— Stretch
$230k/year
Based on $734,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $230k vs median $78,954
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Income Needed to Rent

⚠ Stretch
$95k/year
Based on $2208/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $95k vs median $78,954
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sacramento, CA

Sacramento, the capital city of California, is located in the northern part of the Central Valley. Known for its rich history, vibrant culture, and diverse population, Sacramento serves as both a political center and a dynamic urban environment. The city is home to numerous historic landmarks, including the California State Capitol and Old Sacramento, a restored 19th-century district featuring wooden sidewalks and gold rush-era buildings. Sacramento is also known for its commitment to sustainability, earning the title of "Farm-to-Fork Capital" due to its emphasis on locally sourced food. The city's thriving arts scene includes museums, galleries, and theaters, making it a hub for creativity and expression. Outdoor enthusiasts can explore the beautiful parks and rivers, including the American River Parkway, perfect for biking, hiking, and kayaking. With a warm Mediterranean climate, residents and visitors enjoy plenty of sunny days year-round. The city boasts a diverse culinary scene, vibrant nightlife, and a range of events and festivals that celebrate its multicultural fabric, making Sacramento a unique and inviting place to live and visit.

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