Quick facts: Arroyo grande, CA

Quick Facts

127.6
Cost of Living
above US average
18,380
Population
16.59
Crime Rate per 1000
below US average
$99,143
Median Income
above US average
$900,000
Median House Price
above US average
$3248.92
Average Rent
above US average
9%
Poverty Rate
below US average
5.3%
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 $99,143.

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Income Needed to Buy

βœ— Stretch
$282k/year
Based on $900,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $282k vs median $99,143
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Income Needed to Rent

⚠ Stretch
$139k/year
Based on $3248.92/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $139k vs median $99,143
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Arroyo grande, CA

Arroyo Grande is a charming city located in San Luis Obispo County, California, along the central coast. Nestled between the picturesque coastal town of Pismo Beach and the rolling hills of the Santa Lucia Mountains, Arroyo Grande offers a blend of small-town charm and natural beauty. The city is known for its historic downtown area, which features quaint shops, eateries, and cultural attractions, including the iconic swinging bridge over the Arroyo Grande Creek. Outdoor enthusiasts can explore nearby parks and hiking trails, such as the expansive Lopez Lake and the scenic hills surrounding the region. The city is also famed for its agricultural richness, particularly in vineyards and wineries, making it a great destination for wine lovers. The annual Strawberry Festival showcases local produce and crafts, celebrating the area's agricultural heritage. With a mild Mediterranean climate, Arroyo Grande enjoys comfortable temperatures year-round, making it ideal for outdoor activities. The city’s friendly community and vibrant local events further enhance its appeal, making it a delightful place to visit or call home.

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