Quick facts: Somerton, AZ

Quick Facts

104.3
Cost of Living
above US average
14,514
Population
11.37
Crime Rate per 1000
below US average
$64,180
Median Income
below US average
$390,000
Median House Price
above US average
$1193.75
Average Rent
below US average
15%
Poverty Rate
above US average
4.5%
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 $64,180.

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Income Needed to Buy

βœ— Stretch
$122k/year
Based on $390,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $122k vs median $64,180
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1193.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,180) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Somerton, AZ

Somerton is a small city located in Yuma County, Arizona. Situated just south of the larger city of Yuma, Somerton boasts a population of around 15,000 residents. The city is known for its rich agricultural heritage, primarily due to its favorable climate and proximity to the Colorado River, which provides essential irrigation for local farms. The community hosts various events throughout the year, including the popular Somerton Fiesta, which celebrates the area's cultural diversity. This event typically features traditional music, dance, and a variety of food options that reflect the local Hispanic influence. One of the city's key attractions is the nearby Cocopah Indian Tribe, which offers recreational opportunities in areas like the Cocopah Casino and Resort. Outdoor enthusiasts can enjoy activities such as hiking, biking, and fishing along the river and in the surrounding desert landscapes. With its small-town charm and close-knit community, Somerton provides a peaceful residential environment while being conveniently located near the amenities and services offered in Yuma. The city is served by local schools, parks, and essential services, making it an appealing place for families and retirees alike.

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