Quick facts: Gilroy, CA

Quick Facts

116.3
Cost of Living
above US average
58,005
Population
30.22
Crime Rate per 1000
above US average
$127,391
Median Income
above US average
$1,099,000
Median House Price
above US average
$3181.67
Average Rent
above US average
9%
Poverty Rate
below US average
4.5%
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 $127,391.

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Income Needed to Buy

βœ— Stretch
$345k/year
Based on $1,099,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $345k vs median $127,391
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Income Needed to Rent

⚠ Stretch
$136k/year
Based on $3181.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $136k vs median $127,391
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gilroy, CA

Gilroy, located in Santa Clara County, California, is known as the "Garlic Capital of the World," celebrated for its annual Garlic Festival. The city is situated in the southern part of the San Francisco Bay Area, approximately 30 miles south of San Jose. With a population of around 60,000, Gilroy boasts a charming, small-town feel while being close to major urban centers. The area is characterized by its agricultural heritage, with vineyards, orchards, and various farms surrounding it, making it a hub for fresh produce. The local economy is diverse, incorporating retail, agriculture, and manufacturing, with a growing emphasis on tourism due to its culinary reputation. Gilroy offers numerous parks and recreational opportunities, including the scenic Gilroy Gardens, a family theme park featuring a botanical garden and rides. The city’s downtown area features local shops, restaurants, and a vibrant community atmosphere. Outdoor enthusiasts can explore the nearby Diablo Range and find trails for hiking and biking. Overall, Gilroy combines rich agricultural traditions with modern conveniences, making it an appealing place to live or visit.

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