Quick facts: Gustine, CA

Quick Facts

127.6
Cost of Living
above US average
6,181
Population
22.65
Crime Rate per 1000
below US average
$51,636
Median Income
below US average
$465,000
Median House Price
above US average
$1759.0
Average Rent
above US average
10%
Poverty Rate
below US average
7.5%
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 $51,636.

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Income Needed to Buy

βœ— Stretch
$146k/year
Based on $465,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $146k vs median $51,636
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1759.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $51,636
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gustine, CA

Gustine, located in Merced County, California, is a small city with a rich agricultural heritage. Nestled in the San Joaquin Valley, the area is characterized by its vast farmlands and rolling landscapes. Founded in the late 19th century, Gustine has a population of around 6,000 residents and embodies a tight-knit community feel. The city is known for its strong Italian-American influence, celebrated through annual events like the Gustine Harvest Festival, which showcases local culture, food, and music. Gustine's economy primarily revolves around agriculture, with surrounding farms producing a variety of crops and livestock. Outdoor enthusiasts can enjoy nearby recreational areas, including the Merced River and various parks. The city's small-town charm is complemented by local shops, restaurants, and community events that reflect its rich history and diverse culture. Given its proximity to larger cities like Merced and Modesto, Gustine offers both a peaceful rural lifestyle and convenient access to urban amenities.

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