Quick facts: Coalinga, CA

Quick Facts

127.6
Cost of Living
above US average
17,024
Population
15.39
Crime Rate per 1000
below US average
$68,976
Median Income
below US average
$270,000
Median House Price
above US average
$1443.64
Average Rent
above US average
15%
Poverty Rate
above US average
6.5%
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 $68,976.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $270,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $68,976
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Income Needed to Rent

βœ“ Affordable
$62k/year
Based on $1443.64/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($68,976) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coalinga, CA

Coalinga is a small city located in Fresno County, California, nestled in the San Joaquin Valley. Known for its agricultural roots, Coalinga boasts a rich history tied to the oil industry. The city was founded during the California oil boom in the late 19th century and continues to play a role in the energy sector today. Coalinga is home to the Harris Ranch, one of the largest ranches in California, which is renowned for its beef production and provides a well-known dining experience. The city also offers a glimpse into the natural beauty of the region with the nearby Panoche Hills and the Carrizo Plain National Monument, known for its stunning wildflower displays in the spring. With a close-knit community, Coalinga hosts various local events and activities for residents and visitors alike. The city’s relaxed atmosphere and proximity to larger urban areas, including Fresno, make it an appealing spot for those looking to enjoy a quieter lifestyle without being far from city amenities. Key attractions include the Coalinga Dinosaur, an iconic roadside attraction, which highlights the town's quirky charm.

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