Quick facts: San jose, CA

Quick Facts

127.6
Cost of Living
above US average
971,233
Population
30.74
Crime Rate per 1000
above US average
$136,010
Median Income
above US average
$1,899,000
Median House Price
above US average
$8877.67
Average Rent
above US average
11%
Poverty Rate
above US average
4.2%
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 $136,010.

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Income Needed to Buy

βœ— Stretch
$596k/year
Based on $1,899,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $596k vs median $136,010
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Income Needed to Rent

⚠ Stretch
$380k/year
Based on $8877.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $380k vs median $136,010
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for San jose, CA

San Jose, California, is the largest city in Silicon Valley and the third-largest city in California. Known for its booming tech industry, it serves as a major hub for tech companies and startups, housing giants like Adobe, Cisco, and eBay. The city's diverse population contributes to a rich cultural scene, with a variety of festivals, art galleries, and music venues. San Jose boasts several attractions, including the historic Winchester Mystery House, the Tech Interactive museum, and the Rosicrucian Egyptian Museum. The city's vibrant downtown offers a mix of dining, shopping, and entertainment options, making it an appealing destination for both residents and tourists. Outdoor enthusiasts can enjoy parks such as the expansive Alum Rock Park and the picturesque San Jose Municipal Rose Garden. The city also emphasizes sustainability, featuring initiatives promoting public transit, biking, and green spaces. With a Mediterranean climate, San Jose enjoys mild, wet winters and warm, dry summers. Its strategic location provides easy access to nearby attractions, including San Francisco, the Pacific Coast, and the Santa Cruz Mountains, enriching its appeal as a dynamic urban environment.

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