Here's What Marin's $116,626 Median Income Will Buy

Median incomes in Marin are among the highest in the state—OK, in any state. Among married couples who file joint tax returns, the median adjusted gross household income is $116,626. If they're first-time homebuyers, how much house can they afford these days? One that costs $462,126.15, but only if they have saved up a 20 percent down payment:

Here's how the numbers would work out with a 30-year fixed rate mortgage at 5.82 percent, according to Money Magazine:
House price: $462,126.15
Loan amount: $385,105.15
Down payment: $77,021
Monthly mortgage payment: $2,264.52
Monthly taxes/homeowner insurance: $456.75
Total monthly payment: $ 2,721.27

So what's on the market in that price range?
746 Diablo, Novato: 3BR, 1 B, $450,000. Amenities include a rope swing in the front yard and a skylight in the dining room.

Other possibilities include a 1BR, 1B condo in Mill Valley for $455,000, a 2BR, 1 B condo in Greenbrae for $469,000 and a 2 BR, 1 B condo in Corte Madera for $459,000.

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Marin (elementary) Schools of Distinction

Four Marin elementary schools were among those honored as "California Distinguished Schools" this week. They were among 343 elementary schools cited by the state Department of Education across the state—roughly 5% of California's public schools. The program is voluntary, and honors elementary and secondary schools in alternate years:

The criteria for school selection are designed to reflect the consensus of the education community regarding what constitutes a quality education program by incorporating the major themes of state and national policies and research related to effective schools. The criteria focus on all aspects of the school's educational program.

Full list of schools here.
Other, related state stuff here.

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