Cost of Living,
Chico's Real Estate Market
Chico Metro Area
Profile: Small town/College town Location: Northern California, northeastern portion of the Central Valley at the foot of the Sierra range. Elevation: 230 Time zone: Pacific Standard Time
|Some college-town amenities||Isolation|
|Mild winters||High unemployment|
|Nearby mountains||Low ethnic diversity|
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Chico is home to a major campus of the California State University and a variety of agricultural activities. Nearby mountains, Lassen Volcanic National Park, and Lake Almanor offer outdoor recreation. “Chico State” as the school is known locally brings a few college amenities to the area but it falls short of description as a classic college town. While summers can be unbearably hot and dry, winters are pleasant and many outdoor activities can be pursued throughout the year.
The decline of the forest-products industry has led to unemployment, and the poor air service and 2 1/2-hour drive to Sacramento are negatives. Agricultural processing, supporting a large area of fruit and orchard land to the southwest, is an economic mainstay. There are a number of retirement and resort communities in the mountains northeast -- Paradise is an example – and support of these communities adds to the Chico economy. On a California scale, housing, cost of living, and crime are all reasonable, but rankings are done on a national scale.
The immediate terrain is flat to gently rolling and agricultural. Immediately to the east, grassland, oak-studded foothills begin to rise. Mt. Lassen, an 11,000-foot dormant volcano, dominates the skyline to the northeast. Nearby are numerous steep canyons, notably the Feather River Canyon. Climate is typical Central Valley Mediterranean, with long, hot, dry summers and mild, moist winters. Summer days are usually cloudless and in the 90’s or low 100’s. Evenings may be cooled by mountain air or by “delta” breezes from the San Francisco Bay.
Interesting Facts about Chico, California
As of 2014, Chico's population is 86,391 people. Since 2000, it has had a population growth of 9.40 percent.--------------------
The median home cost in Chico is $257,800. Home appreciation the last year has been 10.30 percent.--------------------
Compared to the rest of the country, Chico's cost of living is 22.80% Higher than the U.S. average.--------------------
Chico public schools spend $11,245 per student. The average school expenditure in the U.S. is $12,435. There are about 21 students per teacher in Chico.--------------------
The unemployment rate in Chico is 8.00 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Chico jobs have Increased by 1.06 percent.
Ranked #20 Best Green Cities
Ranked #43 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #281 2005 Best Places to Live
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Chico's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes