Financial Assistance- Beale AFB

Resources are available to help you understand and manage your finances, including one-on-one financial counseling to assist you and your family with financial readiness. Services are designed to focus on money management issues throughout your active-duty lifecycle and into retirement.  Financial readiness educational opportunities range from basic planning to long-term investing. Check out the information below to see what’s available at your installation.

A permanent change of station can be costly. Even if you are an experienced mover, you need to know the most current and up-to-date allowances and benefits available. Remember, you normally incur expenses that will not be fully covered by your PCS entitlements. A good rule of thumb is to have at least enough savings to cover 90 days worth of cost of living expenses.

You don't have to pay for financial expertise. The Beale Airman and Family Readiness Center offer assistance with a variety of financial issues from basic budgeting to investing and from car buying to home purchasing. With the help of the Personal Financial Readiness Program, you can be on your way to financial independence. To schedule an appointment, call the BA&FRC at 530-634-2863.

Cost of Living

California is considered an area with a high cost of living. The median home value in Yuba County is $234,000. Yuba County home values have increased 13% over the past year and predictions are they will rise 5.6% within the next year. The average sale price in Yuba County is $274,000, which is lower than in Yuba City. The Yuba City Metro average price of homes that are sold in Sutter County is $285,000.

Foreclosures will be a factor impacting home values in the next several years. In Yuba County, 0.84% of homes are in foreclosure. This is greater than the Yuba City Metro value of 4.2% and also greater than the national value of 3.3%.

Mortgage delinquency is the first step in the foreclosure process. The percent of delinquent mortgages in Yuba County is 1.5%, which is lower than the national value of 4.8%. The percent of Yuba County homeowners underwater on their mortgage is 10.5%, which is higher than Yuba City Metro at 1.3%.

The median home value in Placer County is $461,700. Placer County home values have gone up 4.7% over the past year and Zillow predicts they will rise 4.3% within the next year. The average price of homes that are sold in Placer County is $519,000. The median rent price in Placer County is $1,924 and is higher than the Sacramento Metro median of $1,625 and the median across the U.S. of $1,382. Foreclosures will be a factor impacting home values in the next several years. With 0.7% of homes in foreclosure, Placer County has a much lower foreclosure rate than the U.S. as a whole.

Mortgage delinquency is the first step in the foreclosure process. The percent of delinquent mortgages in Placer County is 0.6%, which is lower than the national value. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages and owe more than their home is worth. The percent of Placer County homeowners underwater on their mortgage is 5.1% which is below the average for Sacramento Metro.