Real Estate
How Much Income Do You Need to Afford a Home in Southern California Cities?
Take a look at this eye-popping chart—see where you can, and cannot, afford a house.
The cost of buying a home in California has gone through the roof again, now that prices have recovered from the housing bust.
What does that mean, exactly? In many communities, you’ll need a Google-sized income in order to qualify for a fixed rate, 30 year mortgage on a median priced home, assuming a 20 percent down payment.
Looking for a new house? Check out the homes for sale on Patch’s local real estate map
Find out what's happening in Powayfor free with the latest updates from Patch.
But income requirements vary dramatically. Take a look at the chart to see what you can afford here. And then click on the other links to see how much income you’ll need to buy a home in other parts of California.
Find out what's happening in Powayfor free with the latest updates from Patch.
City..........................Home Price.............Income
Agoura Hills.....................$771,100..................$152,000
Aliso Viejo........................$492,925...................$98,000
Altadena..........................$661,400...................$131,000
Arcadia.............................$992,000...................$196,000
Artesia..............................$458,300....................$91,000
Baldwin Park....................$310,150...................$61,000
Banning............................$186,000....................$37,000
Beaumont........................$247,000....................$49,000
Beverly Hills.....................$2,200,000.................$435,000
Calabasas.........................$1,052,500.................$208,000
Carlsbad...........................$661,250...................$131,000
Carmel Valley...................$883,700...................$175,000
Century City......................$922,700....................$183,000
Cerritos.............................$592,750....................$117,000
Chatsworth.......................$535,600....................$105,000
Claremont.........................$576,000.....................$114,000
Coronado..........................$1,446,800..................$286,000
Culver City.........................$511,000......................$101,000
Dana Point.........................$790,400 ....................$156,000
Del Mar...............................$2,037,800..................$403,000
Diamond Bar.....................$575,000.....................$114,000
Eagle Rock..........................$657,400.....................$130,000
Echo Park...........................$596,900....................$118,000
Encinitas.............................$828,000.....................$164,000
Encino.................................$731,000.....................$145,000
Fountain Valley..................$598,000.....................$118,000
Glendora............................$490,000....................$97,000
Hermosa Beach................$1,322,600................$265,000
Highland Park...................$532,500...................$105,000
Hollywood.........................$647,600....................$128,000
Imperial Beach..................$378,500....................$74,000
La Canada Flintridge........$1,457,600..................$288,000
La Crescenta.....................$681,700.....................$135,000
La Jolla...............................$1,562,300..................$308,000
La Mesa..............................$397,000....................$79,000
La Verne.............................$554,000....................$110,000
Laguna Beach...................$1,404,400..................$278,000
Laguna Niguel...................$712,000....................$141,000
Lake Elsinore.....................$276,000....................$55,000
Lake Forest........................$532,000....................$105,000
Loma Linda.......................$370,100.....................$73,000
Lemon Grove....................$344,200.....................$68,000
Long Beach.......................$440,000.....................$87,000
Los Alamitos.....................$797,600.....................$157,000
Los Angeles......................$539,000......................$107,000
Lynwood...........................$300,000......................$59,000
Malibu...............................$2,512,600...................$497,000
Manhattan Beach............$1,700,000...................$336,000
Marina Del Rey................$569,000.......................$113,000
Mission Viejo...................$588,000.......................$116,000
Monrovia..........................$545,000.......................$108,000
Montrose..........................$592,700.......................$117,000
Mt. Washington................$607,900......................$120,000
Murrieta............................$338,000......................$67,000
Newport Beach................$1,367,000....................$270,000
North Hollywood.............$474,900.......................$94,000
Northridge........................$591,800.......................$117,000
Oceanside..........................$406,000.......................$80,000
Pacific Palisades................$2,462,800....................$388,000
Palm Desert.......................$306,000.......................$60,000
Palos Verdes......................$1,452,200....................$288,000
Pasadena............................$606,000.......................$120,000
Poway..................................$561,000.......................$111,000
Ramona...............................$437,400.....................$88,000
Rancho Bernardo...............$530,800.....................$105,000
Rancho Santa Margarita....$469,000....................$93,000
Redlands..............................$310,000....................$61,000
Redondo Beach...................$769,000....................$152,000
San Clemente.......................$784,000....................$155,000
San Juan Capistrano............$586,000....................$116,000
San Marino...........................$1,872,400.................$370,000
Santa Monica.......................$1,293,000..................$256,000
Santee...................................$391,000.....................$77,000
Sherman Oaks.....................$489,800.....................$97,000
Sierra Madre........................$863,400.....................$171,000
Silver Lake............................$821,300.....................$163,000
South Gate...........................$332,000.....................$66,000
South Pasadena..................$862,400.....................$171,000
Studio City...........................$951,200.....................$189,000
Tarzana................................$656,400.....................$130,000
Temecula.............................$362,000.....................$72,000
Toluca Lake.........................$736,600.....................$146,000
Venice..................................$1,307,600..................$258,000
Walnut.................................$740,400.....................$147,000
West Hollywood.................$636,000.....................$126,000
Westwood...........................$927,600.....................$183,000
Wildomar............................$325,000.....................$64,000
Woodland Hills...................$702,400.....................$139,000
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