Trying to find affordable California cities? This is where the communities of the valley pile up.

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Three Valley Municipalities Among Most Affordable Places to Live in California, Recent Financial Firm Study Finds SmartAsset.

Madera Acres took the top spot in the San Joaquin Valley, ranking # 2 in the state.

The unincorporated community just north of Madera scored 49.39 on the SmartAsset Affordability Index, which was compiled by looking at the cost of owning a home over five years versus the cost of owning a home over five years. median income of the region.

By comparison, California City took the state’s top spot with a score of 50.01, out of 100.

Madera Acres had higher costs than most of the Top 10 with $ 2,716 in average closing costs, $ 1,435 in annual property tax, $ 535 in annual home insurance, and an average annual mortgage payment of $ 9,797.

Madera Acres’ high overall ranking is due to its relatively high median income, which is $ 88,482.

Coalinga came second in the San Joaquin Valley and fifth in the state for affordability.

The West County city of Fresno saw its average closing costs of $ 2,434, annual property taxes of $ 1,494, annual home insurance of $ 388 and the average annual mortgage payment of $ 7,107.

Coalinga’s median income measured at $ 62,522.

Coming in ninth place, Tulare County-based Orosi completed San Joaquin Valley’s representation in the top 10.

Orosi had his average closing costs totaling $ 2,311, an annual property tax of $ 1,278, annual home insurance of $ 344 and the average annual mortgage payment was relatively low at $ 6,292.

Orosi also had one of the lowest median incomes at $ 40,667.

Rankcity, stateAvg. Closing costsAnnual property taxAnnual home insuranceAvg. Annual mortgage paymentMedian incomeAffordability Index
1City of California, California$ 2,223$ 1,263$ 284$ 5,202$ 49,02250.01
2Madera Acres, California$ 2,716$ 1,435$ 535$ 9,797$ 88,48249.39
3Imperial, California$ 2,741$ 2,150$ 547$ 10,023$ 85,65445.76
4Ridgecrest, California$ 2,460$ 1,864$ 411$ 7,533$ 69,57744.77
5Coalinga, California$ 2,434$ 1,494$ 388$ 7,107$ 62,52244.31
6Barstow, California$ 2,200$ 977$ 267$ 4,892$ 40,63344.06
7Homeland, california$ 2,250$ 1,230$ 356$ 6,530$ 49,18042.05
8Lake Spring Valley, California$ 2,934$ 2,736$ 641$ 11,744$ 84,72741.49
9Orosi, California$ 2,311$ 1,278$ 344$ 6,296$ 40,66739.52
tenTaft, California$ 2,377$ 2,080$ 334$ 6,121$ 45,19739.03
California$ 3,206$ 3,216$ 943$ 17,288$ 75,235
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