Quick facts: San luis obispo, CA

Quick Facts

115.2
Cost of Living
above US average
48,341
Population
40.44
Crime Rate per 1000
above US average
$65,000
Median Income
below US average
$952,188
Median House Price
above US average
$4663.18
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
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 $65,000.

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Income Needed to Buy

βœ— Stretch
$299k/year
Based on $952,188 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $299k vs median $65,000
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Income Needed to Rent

⚠ Stretch
$200k/year
Based on $4663.18/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $200k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for San luis obispo, CA

San Luis Obispo, often referred to as SLO, is a picturesque city located on California’s Central Coast. Nestled between the lush hills and scenic vineyards, it boasts a charming downtown area filled with historic buildings, boutique shops, and a vibrant culinary scene. The city is famous for its lively farmers market, which takes place every Thursday evening and offers fresh local produce, artisanal foods, and live music. Surrounded by stunning landscapes, SLO is ideal for outdoor enthusiasts. Nearby attractions include the iconic Bishop Peak, offering hiking opportunities with panoramic views, and the serene Avila Beach, just a short drive away. The temperature is mild year-round, making it attractive for both residents and tourists. San Luis Obispo is also home to California Polytechnic State University (Cal Poly), adding a youthful vibe to the city and contributing to its economic and cultural landscape. With its mix of natural beauty, vibrant community, and rich history, San Luis Obispo continues to be a cherished destination in California.

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