Quick facts: Truckee, CA

Quick Facts

127.6
Cost of Living
above US average
16,850
Population
8.66
Crime Rate per 1000
below US average
$107,423
Median Income
above US average
$745,000
Median House Price
above US average
$3988.9
Average Rent
above US average
5%
Poverty Rate
below US average
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 $107,423.

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Income Needed to Buy

βœ— Stretch
$234k/year
Based on $745,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $234k vs median $107,423
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Income Needed to Rent

⚠ Stretch
$171k/year
Based on $3988.9/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $171k vs median $107,423
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Truckee, CA

Truckee is a charming mountain town located in Northern California, nestled in the Sierra Nevada mountain range. Known for its stunning natural beauty, Truckee sits at an elevation of 5,817 feet and is surrounded by towering pines and picturesque mountains. As a popular destination for outdoor enthusiasts, it offers year-round recreational activities, including skiing and snowboarding in the winter at nearby resorts like Northstar and Lake Tahoe, as well as hiking, biking, and fishing in the summer months. The town has a rich history dating back to the mid-1800s, when it served as a critical stop along the historic transcontinental railroad. Today, visitors can explore its quaint downtown area featuring historic buildings, local shops, and restaurants that showcase the region's vibrant culture. Events like the Truckee Thursdays street fair and the annual Truckee River Raft Festival contribute to the local charm. Truckee also boasts proximity to Lake Tahoe, making it an ideal location for those seeking both mountain and lake experiences. With its breathtaking scenery and outdoor lifestyle, Truckee is a true gem in California's Sierra Nevada.

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