Quick facts: San mateo, CA

Quick Facts

127.6
Cost of Living
above US average
100,984
Population
24.68
Crime Rate per 1000
above US average
$149,152
Median Income
above US average
$1,200,000
Median House Price
above US average
$3478.75
Average Rent
above US average
8%
Poverty Rate
below US average
3.4%
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 $149,152.

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Income Needed to Buy

βœ— Stretch
$376k/year
Based on $1,200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $376k vs median $149,152
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Income Needed to Rent

βœ“ Affordable
$149k/year
Based on $3478.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($149,152) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for San mateo, CA

San Mateo, California, is a vibrant city located in the heart of the San Francisco Peninsula. Known for its picturesque views, San Mateo boasts a diverse community, rich history, and an array of amenities. With a mild coastal climate, residents and visitors enjoy outdoor activities year-round in its numerous parks, including Central Park, which features gardens, sports facilities, and a playground. The city has a bustling downtown area, filled with shops, restaurants, and cultural venues. Notable dining spots range from casual eateries to upscale cuisine, reflecting the city's melting pot of cultures. San Mateo is also home to several museums and galleries, highlighting local art and history. Transportation is convenient, with easy access to Highway 101 and the Caltrain system, making commutes to nearby cities such as San Francisco and Palo Alto straightforward. The city's economy is bolstered by a mix of tech companies and traditional businesses, contributing to its growth and vibrancy. Overall, San Mateo offers a blend of urban living with suburban charm, making it an attractive place for families, professionals, and newcomers alike.

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