Quick facts: Loyalton, CA

Quick Facts

127.6
Cost of Living
above US average
738
Population
20.33
Crime Rate per 1000
below US average
$71,250
Median Income
below US average
$65,000
Median House Price
above US average
$2796
Average Rent
above US average
12%
Poverty Rate
above 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 $71,250.

🏠

Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $65,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($71,250) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2796/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $71,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Loyalton, CA

Loyalton is a small city located in Sierra County, California, with a population of just around 800 residents. Nestled at an elevation of about 5,000 feet in the Sierra Nevada mountains, it offers a picturesque setting characterized by stunning natural landscapes and a serene rural atmosphere. Established during the Gold Rush era, Loyalton serves as a gateway to numerous recreational opportunities. The surrounding area boasts abundant outdoor activities such as hiking, fishing, and camping, particularly around the nearby Sierra Valley, which is known for its rich wildlife and scenic beauty. The city has a close-knit community feel, with local events often highlighting its small-town charm. Loyalton has essential amenities, including schools, parks, and local shops, which cater to the daily needs of its residents. Furthermore, its proximity to larger towns like Truckee and Reno allows for additional resources and entertainment options. With its blend of history, natural beauty, and community spirit, Loyalton is a unique spot for both residents and visitors seeking a peaceful retreat in the mountains.

πŸ” Search & Compare Places

First Location πŸ“