Quick facts: San luis, AZ

Quick Facts

104.3
Cost of Living
above US average
35,770
Population
12.72
Crime Rate per 1000
below US average
$46,747
Median Income
below US average
$515,000
Median House Price
above US average
$1500.0
Average Rent
above US average
18%
Poverty Rate
above US average
24.3%
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 $46,747.

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Income Needed to Buy

βœ— Stretch
$162k/year
Based on $515,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $162k vs median $46,747
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $46,747
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for San luis, AZ

San Luis, Arizona, is a vibrant border city located in the southwestern corner of the state, adjacent to the Mexico-U.S. border. It's part of Yuma County and serves as a key point of entry, with its close proximity to San Luis RΓ­o Colorado in Mexico. The city has a population of around 36,000 residents and showcases a rich cultural blend influenced by its Mexican heritage. San Luis features a number of recreational parks and community facilities, fostering an active lifestyle for its residents. The area is known for its warm desert climate, with hot summers and mild winters, making it suitable for outdoor activities year-round. The local economy is diverse, with sectors like retail, agriculture, and cross-border trade playing significant roles. The city is also home to various annual events that celebrate its culture and community, contributing to a strong sense of identity among residents. San Luis benefits from its strategic location, providing opportunities for growth while maintaining a tight-knit community atmosphere. Overall, San Luis offers a unique mix of cultural richness and economic potential, making it an interesting place to live and visit.

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