Cost of Living: According to a survey conducted by the financial website GoBankingRates, Fresno is one of the country’s most affordable places to live. Fresno ranks high on this list because of the cost of housing and cost of groceries, transportation, and healthcare.
How does a $50,000 annual salary in Fresno, CA compare in other metropolitan areas across the state and country? The table below lists the equivalent salary for the selected metro areas.
|Sunnyvale, CA||San Francisco, CA||San Diego, CA||Los Angeles, CA||Boston, MA||New York, NY||Seattle, WA|
Source: PayScale Cost of Living Calculator
Housing Market. The most significant factor contributing to Fresno’s affordable cost of living is affordable housing. The relatively low cost of housing in Fresno attracts many new residents to the region. These new residents arrive from all parts of the country with most relocating from California’s large metropolitan areas.
Real estate markets increasingly depend on strong fundamentals to drive sustainable housing activity. The Fresno housing market possesses these strong fundamentals; solid job growth, low vacancy rate, a market not overvalued, and affordability, amongst other factors. Thanks to the presence of these essentials, the Fresno housing market was ranked as the healthiest in the United States entering 2016 according to a report issued by mortgage industry leader Freddie Mac.
Home Sales Activity by City
|Los Angeles County||$595,000|
|Santa Clara County||$1,105,000|
Source: California Home Sales Activity by City, CoreLogic, October 2018
Weather. The sun shines on Fresno County 288 days a year resulting in one of the nation’s most hospitable and Mediterranean-like climates. The average high temperature is 76.5 degrees and the average low temperature is 50.4 degrees. Average rainfall is 11.5 inches. Fresno’s elevation is 308 feet. County-wide, elevations range from 100 feet to 14,248 feet at the top of the peak of North Palisade in the Sierra Nevada Mountain Range.
Seismic Stability. It is a well-known fact that California is earthquake country. However, very few realize that not all of California is subject to the same degree of seismic risk. Unlike many other major metropolitan areas in California, in particular Los Angeles and the Bay Area, Fresno is located in a region that is seismically stable. There are no significant earthquake faults in the Fresno area and few major California cities can match the safety record and low seismic risk of Fresno. Fresno is at low risk for earthquakes because of its inland location, flat topography, relatively stable soil condition, and the absence of active faults in the area.
Recreation & Entertainment. Fresno County has something for everyone. Whether you’re looking for fine dining, fun attractions, great shopping or all of the above, you can find it in Fresno County! Situated near three national parks, lakes, and beautiful scenic trails which make Fresno County a great destination to live and play year-round.
A complete visitors’ guide is available at visitfresnocounty.org