CALCMONEY // MORTGAGE // CA // LONG BEACH
Calculate your monthly mortgage payment using Long Beach-specific property tax rates and local market data.
$760,000
6.85%
0.75%
145
| Principal & Interest | $3,984 |
| Property Tax | $475 |
| Homeowners Insurance (est.) | $253 |
| Total Monthly Payment (PITI) | $4,712 |
$152,000
$826,231
$201,956/yr
The median home price in Long Beach is $760,000, above the national median of $420,000. With a median household income of $72,000, the price-to-income ratio is 10.6x — meaning buyers typically spend 10.6 years of gross income on the purchase price.
Property taxes in Long Beach run 0.75% of assessed value. On the median home, that is $5,700 per year, or $475 per month added to your mortgage payment. This is close to the national average of 1.1%.
California has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Long Beach is 145 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $608,000 loan saves $27,360 in interest over 30 years.
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