Quick facts: Carmichael, CA

Quick Facts

127.6
Cost of Living
above US average
78,144
Population
12.8
Crime Rate per 1000
below US average
$80,138
Median Income
below US average
$569,000
Median House Price
above US average
$1844.1
Average Rent
above US average
12%
Poverty Rate
above US average
5.4%
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 $80,138.

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Income Needed to Buy

βœ— Stretch
$179k/year
Based on $569,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $179k vs median $80,138
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Income Needed to Rent

βœ“ Affordable
$79k/year
Based on $1844.1/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($80,138) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carmichael, CA

Carmichael is a suburban community located in Sacramento County, California. Nestled just northeast of the state capital, it boasts a blend of residential areas, parks, and local businesses, making it an ideal place for families and individuals alike. The area is known for its picturesque neighborhoods, characterized by tree-lined streets and a mix of architectural styles. With a strong sense of community, Carmichael offers a variety of recreational options, including parks such as Ancil Hoffman Park, which features trails, picnicking areas, and access to the American River. The area is also home to the Carmichael Park, providing additional green space and sports facilities. Carmichael hosts several annual events that foster community spirit, including farmers' markets and local festivals. The proximity to Sacramento allows residents to take advantage of the city's cultural and economic offerings while enjoying the quieter suburban lifestyle. Education is served by the San Juan Unified School District, offering a range of public schooling options. Overall, Carmichael embodies a harmonious blend of suburban charm and accessibility to urban amenities.

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