Quick facts: Stockton, CA

Quick Facts

127.6
Cost of Living
above US average
321,819
Population
52.44
Crime Rate per 1000
above US average
$71,612
Median Income
below US average
$475,000
Median House Price
above US average
$1379.33
Average Rent
below US average
18%
Poverty Rate
above US average
7.0%
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 $71,612.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $71,612
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1379.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,612) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stockton, CA

Stockton, California, located in the San Joaquin Valley, is a vibrant city known for its rich diversity and cultural heritage. As the county seat of San Joaquin County, it has a population of over 300,000 residents, making it one of the largest cities in Northern California. Stockton is characterized by its picturesque waterfront along the San Joaquin River and boasts a mix of urban and suburban living. The city has a diverse economy with sectors ranging from agriculture to healthcare and education. It is home to the University of the Pacific, providing a range of academic programs and contributing to the local culture. Stockton offers an array of recreational activities, featuring parks, sports complexes, and the scenic Stockton Marina. The city's community events, such as the annual Stockton Asparagus Festival, showcase its local cuisine and agricultural roots. Despite facing challenges such as economic fluctuations, Stockton has seen revitalization efforts, particularly in its downtown area, with new dining and entertainment options emerging. Overall, Stockton is a city with rich potential and a lively community spirit.

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