Cost of living

Residential Real Estate

The Coachella Valley has one of the lowest median home prices of any region of California. The September 2005 average of about $371,250 is thousands of dollars less than most California cities and regions, providing terrific incentives to employers and employees.

The Desert Sun

The minimum household income needed to purchase a median-priced home in the Coachella Valley at $371,250 (Sept. 2005) is $53,094, based on a 30-year fixed mortgage interest rate of 6.375 percent with a 20 percent down payment and no debt.

New and existing home sales continue to climb with 15,766 homes sold in 2004. Homes in every price range, from starters to luxury estates, make the Coachella Valley a great place to relocate.