Is Bakersfield an expensive city?

Bakersfield, California's cost of living is 10% higher than the national average.

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Bakersfield
Partial Assignment of Life Insurance Policy as Collateral

Bakersfield California Partial Assignment of Life Insurance Policy as Collateral

Category:

Insurance - Life Insurance

State:

Multi-State

City:

Bakersfield

Control #:

US-01066

Format:

Instant download

Description

This form is a contract for a partial assignment of a life insurance policy proceeds as collateral for a loan. If the debtor dies before the loan is paid off, proceeds from the policy can be used to repay the debt.

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With a population of around 405,000, Bakersfield saw a violent crime rate of 498 per 100,000 in 2022, which is 27% higher than the national average, ing to the study. In 2022, there were over 15,500 incidents of property crime in Bakersfield, PropertClub says.

Industries in and around Bakersfield include natural gas and other energy extraction, mining, petroleum refining, distribution, food processing, and corporate regional offices. The city is the birthplace of the country music genre known as the Bakersfield sound.

Bakersfield was first established in 1859. It was originally known as Kern County. The original name of the town was Wheat Fields, and it was later changed to Bakersfield in 1863 named after Thomas Baker who settled on the banks of the Kern river due to the California gold rush.

Bakersfield, California's cost of living is 10% higher than the national average.

In 2021, there were 1.13 times more White (Non-Hispanic) residents (122k people) in Bakersfield, CA than any other race or ethnicity. There were 108k White (Hispanic) and 55.6k Other (Hispanic) residents, the second and third most common ethnic groups. 52% of the people in Bakersfield, CA are hispanic (207k people).

Living in Bakersfield offers residents a dense suburban feel and most residents own their homes. In Bakersfield there are a lot of parks. Many families and young professionals live in Bakersfield and residents tend to have moderate political views. The public schools in Bakersfield are above average.

Dubbed ?Nashville West,? Bakersfield is renowned for its contributions to country music and is the home of many recording artists, including Merle Haggard and Buck Owens. Educational institutions include Bakersfield (community) College (founded 1913) and California State University, Bakersfield (1965).

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Bakersfield California Partial Assignment of Life Insurance Policy as Collateral

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