San Jose, CA variant. This is a San Jose, CA-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in San Jose pits the $136,010 median income against a $1,410,000 median price - a price-to-income ratio of 10.4x.
Can you afford San Jose?
The 28% rule caps housing at $3,174/month on the local median income, supporting roughly $627,616 in price - versus the $1,410,000 San Jose median.
San Jose is a stretch on the median income; many buyers need higher earnings, more down, or co-borrowers.
About San Jose, CA
San Jose has no city income tax, so residents pay California state income tax without an additional municipal levy.
San Jose is among the most expensive housing markets in the United States, reflecting the concentrated wealth of Silicon Valley.
San Jose sits at the heart of Silicon Valley, with an economy dominated by the technology and semiconductor industries.
Worked example: max price on $136,010
28% of $136,010 ÷ 12 ≈ $3,174/month supports about $627,616 at 6.5% with 20% down - compared with the $1,410,000 median.
Quick reference
- Median home value: $1,410,000
- Median rent: $3,450/mo
- Median household income: $136,010
- Local sales tax: 9.375%
- Effective property tax rate: 0.74%
- Cost of living index: 196 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in San Jose?
To afford the $1,410,000 median home, you'd typically need well above the $136,010 local median income at current rates.
What is the price-to-income ratio in San Jose?
About 10.4x (median home ÷ median income).