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As the capital city of California, Sacramento is home to 477,892 people. Sacramento's nickname is River City because of its location at the confluence of the American River and the Sacramento River. It was named "America's Most Diverse City" by TIME magazine. It was incorporated in 1850, which makes it the oldest incorporated city in the state of California. Its rich history is evident throughout the city, especially in the Governor's Mansion State Historic Park and the Leland Stanford Mansion State Historic Park.
The cost of living in Sacramento, CA 2.7 percent above the national average. The median household income in Sacramento is $58,548, and the median price for a home is $238,100. Although the cost of living is higher in Sacramento than many other places in the country, it offers many benefits for residents, including a plethora of cultural attractions and entertainment options. Museums in Sacramento include the Crocker Art Museum, the California State Railroad Museum, the California Automobile Museum and the California Museum for History, Women, and the Arts.