Quick facts: Big bear lake, CA

Quick Facts

127.6
Cost of Living
above US average
5,031
Population
61.22
Crime Rate per 1000
above US average
$70,020
Median Income
below US average
$549,900
Median House Price
above US average
$2314.39
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
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 $70,020.

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Income Needed to Buy

βœ— Stretch
$173k/year
Based on $549,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $70,020
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2314.39/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $70,020
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Big bear lake, CA

Big Bear Lake, located in the San Bernardino Mountains of Southern California, is a picturesque resort town known for its stunning natural beauty and outdoor recreational activities. Nestled around a crystal-clear alpine lake, it offers a range of experiences year-round. In the winter, it transforms into a popular destination for skiing and snowboarding at nearby resorts like Bear Mountain and Snow Summit. During the warmer months, the area is perfect for hiking, mountain biking, and water sports, including fishing and boating. The scenic Big Bear Lake is surrounded by forests and mountains, providing ample opportunities for camping and wildlife viewing. The town also features a charming village atmosphere with boutique shops, restaurants, and seasonal festivals that attract both locals and tourists. Attractions like the Big Bear Alpine Zoo and the Discovery Center engage visitors of all ages. Overall, Big Bear Lake is a serene getaway that beautifully combines adventure and relaxation amid breathtaking landscapes.

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