Quick facts: Salinas, CA

Quick Facts

130.5
Cost of Living
above US average
161,020
Population
26.95
Crime Rate per 1000
above US average
$84,250
Median Income
above US average
$739,000
Median House Price
above US average
$2873.33
Average Rent
above US average
15%
Poverty Rate
above US average
6.6%
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 $84,250.

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Income Needed to Buy

βœ— Stretch
$232k/year
Based on $739,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $232k vs median $84,250
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Income Needed to Rent

⚠ Stretch
$123k/year
Based on $2873.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $123k vs median $84,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Salinas, CA

Salinas, located in Monterey County, California, is known as the "Salad Bowl of the World" due to its rich agricultural heritage and production of various vegetables, primarily lettuce. This vibrant city, with a population of around 160,000, offers a unique blend of urban amenities and natural beauty. Salinas is steeped in literary history, being the birthplace of Nobel Prize-winning author John Steinbeck. His influence can be felt throughout the area, with several museums dedicated to his life and work, including the National Steinbeck Center. The city boasts a range of cultural events, such as the California International Airshow and various festivals celebrating its diverse community. Outdoor enthusiasts can explore nearby attractions, such as the scenic coastline, the nearby Santa Lucia Mountains, and state parks like Fort Ord. Salinas also features a growing downtown area with unique shops, dining options, and vibrant art scenes. Known for its pleasant Mediterranean climate, it's a great place for residents and visitors to enjoy year-round outdoor activities. Overall, Salinas is a captivating destination offering a rich blend of culture, history, and nature.

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