Quick facts: Rancho cucamonga, CA

Quick Facts

115.5
Cost of Living
above US average
176,336
Population
22.51
Crime Rate per 1000
below US average
$105,534
Median Income
above US average
$765,000
Median House Price
above US average
$2312.12
Average Rent
above US average
11%
Poverty Rate
above US average
3.8%
Unemployment Rate
below 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 $105,534.

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Income Needed to Buy

βœ— Stretch
$240k/year
Based on $765,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $240k vs median $105,534
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Income Needed to Rent

βœ“ Affordable
$99k/year
Based on $2312.12/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($105,534) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rancho cucamonga, CA

Rancho Cucamonga is a vibrant city located in San Bernardino County, California, nestled at the foothills of the San Gabriel Mountains. With a population of around 177,000, it boasts a diverse community and rich cultural history. Known for its beautiful neighborhoods, the city offers a mix of suburban charm and urban amenities. The city's economy thrives on a mix of retail, service industries, and logistics, thanks in part to its strategic location near major highways and the Ontario International Airport. Rancho Cucamonga is also home to a variety of shopping destinations, including the upscale Victoria Gardens, an outdoor lifestyle center featuring shops, dining, and entertainment. Outdoor enthusiasts can enjoy numerous parks and recreational areas, including the scenic Cucamonga-Guasti Regional Park and the picturesque foothills of the San Gabriel Mountains, ideal for hiking and nature walks. The local schools are served by several districts, known for their commitment to education and community involvement. With a warm Mediterranean climate, Rancho Cucamonga offers a pleasant environment year-round, making it a great place to live, work, and play.

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