What is the cost of living in Fresno compared to the national average?

Fresno's cost of living index is 103, which is 3% above the national average.

How much should I have saved for retirement by age 40?

Fidelity guideline: 3x salary by 40. At $80K: $240K by 40. Other rules: 1x by 30, 3x by 40, 6x by 50, 8x by 60, 10x at 67.

Am I saving enough for retirement?

Target saving 15% of gross income (including employer match). On $80K: $12,000/year. If behind, increase by 1% per year until at 15%.

How much money do I need to retire comfortably?

The 4% rule: you need 25x annual expenses. Spending $60K/year: $1.5M needed. For 30-year retirement with Social Security: often $800K-$1.2M for middle-income.

What is the best retirement calculator formula?

FV = PMT × ((1+r)^n - 1) / r × (1+r) + PV × (1+r)^n. Where PMT=monthly contribution, r=monthly return, n=months, PV=current balance.

When can I retire with $1 million?

At 4% withdrawal: $40K/year. With Social Security ($20K): $60K/year total. Comfortable for most if retiring at 65. Retiring at 55 with $1M: plan for 35 years, use 3% rate.

Retirement Savings Calculator for Fresno, CA

Updated 2026 · Local data pre-filled

📍 Customized for Fresno, California

The median household income in Fresno is $56,600. With a cost of living index of 103, your retirement needs will be higher than average. Planners generally recommend saving 10–15% of income; at Fresno's median income that's $6,792–$8,490 per year.

Median Home

$345k

Median Rent

$1,273/mo

Median Income

$57k/yr

Property Tax

0.75%

Cost of Living

103 / 100 avg

✓ Calculator below is pre-filled with Fresno local data

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Current Age35yrs

Target Retirement Age65yrs

Current Retirement Savings

Monthly Contribution

Annual Employer Match

Expected Annual Return (%)7%

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Projected Retirement Balance: $2,194,700(positive trend)

In Today's Dollars: $904,187

Monthly Income (4%): $7,316/mo

Years to Grow: 30

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How This Calculator Works

FV = PV×(1+r)^n + PMT×((1+r)^n-1)/r where r = monthly return, n = months, PV = current savings, PMT = monthly contribution. Monthly income = FV × 4% withdrawal rate / 12.

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The 4% Rule Explained: How to Calculate Your Retirement Number

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Maximizing Your 401(k) and IRA: A Step-by-Step Guide to Retirement Accounts

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How Fresno Compares to the National Average

Understanding how Fresno stacks up helps you calibrate your financial planning.

Metric	Fresno, CA	US Average	Difference
Median Home Price	$345,000	$420,800	-18.0%
Median Monthly Rent	$1,273	$1,713	-25.7%
Median Household Income	$56,600	$74,580	-24.1%
Property Tax Rate	0.75%	1.10%	-31.8%
Cost of Living Index	103	100	+3.0%

Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.

Fresno Financial Snapshot

Population (Metro): 1,010,000
Unemployment: 7.2%
Avg Commute: 24 min
Median Age: 31.7
Price-to-Rent Ratio: 22.6x
Annual Property Tax: $2,588

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Frequently Asked Questions — Fresno

What is the median home price in Fresno, CA?

The median home price in Fresno is $345,000 as of 2025–2026. This is below the national median of $420,800.

What is the average rent in Fresno?

Median monthly rent in Fresno is $1,273. That works out to $15,276/year, or 27% of the median household income — within the commonly recommended 30% of income guideline.

Is Fresno affordable?

Fresno's cost of living index is 103 vs. the national average of 100. With a median household income of $56,600/year and a median home price of $345,000, the price-to-income ratio is 6.1x. This makes homeownership a significant stretch for the typical Fresno household.

What is the property tax rate in Fresno?

The effective property tax rate in Fresno is 0.75% of assessed value. On the median home of $345,000, that's roughly $2,588/year ($216/month).