average income carmel valley
As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Carmel Valley Village, CA homeowners, is $118,060. This would allow for a maximum of $2,755 per month to be spent on housing costs. For renters, the median monthly income is $67,112 which would result in a maximum of $1,566 to be spent on rental costs.