Trying to find affordable California cities? Here is where the communities of the valley are located.

Three Valley municipalities are among the most affordable places to live in California, according to a recent study by a financial firm Smart asset.

Madera Acres took the top spot in the San Joaquin Valley, ranking No. 2 in the state.

The unincorporated community just north of Madera scored 49.39 in SmartAsset’s Affordability Index, which was compiled by looking at the cost of owning a home over five years compared to the median income of the region.

For comparison, California City took first place in the state with a score of 50.01, out of 100.

Madera Acres had higher costs than most of the top 10 with $2,716 in average closing costs, $1,435 in annual property tax, $535 in annual homeowners insurance, and an average annual mortgage payment of $9,797.

Madera Acres’ high overall ranking is due to its relatively high median income, which is $88,482.

Coalinga ranked second in the San Joaquin Valley and fifth in the state for affordability.

The western county town of Fresno saw its average closing costs rise to $2,434, annual property tax to $1,494, annual homeowners insurance to $388 and average annual mortgage payment to $7 $107.

Coalinga’s median income measured at $62,522.

Coming in 9th, Tulare County-based Orosi rounded out San Joaquin Valley’s representation in the top 10.

Orosi had average closing costs of $2,311, annual property tax of $1,278, annual homeowners insurance of $344, and average annual mortgage payment was relatively low at $6,292.

Orosi also had one of the lowest median earnings at $40,667.

Rank city, state Avg. Closing costs Annual property tax Annual home insurance Avg. Annual mortgage payment Median income Affordability index
1 California, California $2,223 $1,263 $284 $5,202 $49,022 50.01
2 Madera Acres, California $2,716 $1,435 $535 $9,797 $88,482 49.39
3 Imperial, California $2,741 $2,150 $547 $10,023 $85,654 45.76
4 Ridgecrest, California $2,460 $1,864 $411 $7,533 $69,577 44.77
5 Coalinga, California $2,434 $1,494 $388 $7,107 $62,522 44.31
6 Barstow, California $2,200 $977 $267 $4,892 $40,633 44.06
7 Homeland, California $2,250 $1,230 $356 $6,530 $49,180 42.05
8 Spring Valley Lake, California $2,934 $2,736 $641 $11,744 $84,727 41.49
9 Orosi, California $2,311 $1,278 $344 $6,296 $40,667 39.52
ten Taft, California $2,377 $2,080 $334 $6,121 $45,197 39.03
California $3,206 $3,216 $943 $17,288 $75,235

Bernard P. Love