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.

Rank city, state Avg. Closing costs Annual property tax Annual home insurance Avg. Annual mortgage payment Median income Affordability Index
1 City of California, California $ 2,223 $ 1,263 $ 284 $ 5,202 $ 49,022 50.01
2 Madera Acres, California $ 2,716 $ 1,435 $ 535 $ 9,797 $ 88,482 49.39
3 Imperial, California $ 2,741 $ 2,150 $ 547 $ 10,023 $ 85,654 45.76
4 Ridgecrest, California $ 2,460 $ 1,864 $ 411 $ 7,533 $ 69,577 44.77
5 Coalinga, California $ 2,434 $ 1,494 $ 388 $ 7,107 $ 62,522 44.31
6 Barstow, California $ 2,200 $ 977 $ 267 $ 4,892 $ 40,633 44.06
7 Homeland, california $ 2,250 $ 1,230 $ 356 $ 6,530 $ 49,180 42.05
8 Lake Spring Valley, California $ 2,934 $ 2,736 $ 641 $ 11,744 $ 84,727 41.49
9 Orosi, California $ 2,311 $ 1,278 $ 344 $ 6,296 $ 40,667 39.52
ten Taft, California $ 2,377 $ 2,080 $ 334 $ 6,121 $ 45,197 39.03
California $ 3,206 $ 3,216 $ 943 $ 17,288 $ 75,235
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