Quality of Life in Fresno, CA on a $123,920 Annual Income

Individuals earning $123,920 annually in Fresno, CA, will experience a distinctive quality of life shaped by the local cost of living, housing market, and other factors compared to the broader United States. Below is an analysis of these aspects, helping understand how this income level translates into real-life circumstances in Fresno.

Cost of Living

• Overall Cost of Living: Fresno's cost of living is slightly below the national average, making it relatively affordable compared to larger California cities like San Francisco or Los Angeles.
• Groceries and Dining: Food and dining costs in Fresno are generally on par or slightly lower than the national average, contributing to manageable monthly expenses.
• Transportation: Costs for transportation are generally lower due to shorter commute times and relatively modest gas prices compared to the rest of the state.

Housing Market

• Home Prices: The median home price in Fresno is lower than the California average but higher than the national average. However, with an annual income of $123,920, homeownership is within reach for many.
• Rent Costs: Rental prices are also affordable relative to income, although they follow the upward trend seen in many Californian cities.
• Property Taxes: Fresno's property tax rates are moderate, aligning closely with those found elsewhere in the U.S.

Quality of Life

• Lifestyle: With diverse recreational opportunities, including parks, cultural events, and proximity to national parks such as Yosemite, residents enjoy an enriched lifestyle.
• Crime Rate: Crime rates in Fresno are a concern and may contribute negatively to overall quality of life, requiring consideration in areas where one decides to live.

Access to Healthcare

• Healthcare Facilities: Fresno has a number of good healthcare facilities but may lack the specialization commonly found in larger urban areas.
• Healthcare Costs: Expenses related to healthcare are moderate, benefiting from California’s competitive insurance market.

Quality of K-12 Schools

• Public Education: Fresno has a mix of school performances with some top-performing schools, although on average, public schools may rank slightly below the national performance benchmarks.
• Private Education Options: Several private schools offer high-quality education, but these come with higher tuition costs which need to be factored into budget considerations.

Summary

In summary, a person in Fresno, CA with an income of $123,920 annually can