Quick facts: Cerritos, CA

Quick Facts

127.6
Cost of Living
above US average
47,475
Population
37.09
Crime Rate per 1000
above US average
$124,460
Median Income
above US average
$1,195,000
Median House Price
above US average
$3768.55
Average Rent
above US average
6%
Poverty Rate
below US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $124,460.

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Income Needed to Buy

βœ— Stretch
$375k/year
Based on $1,195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $375k vs median $124,460
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Income Needed to Rent

⚠ Stretch
$162k/year
Based on $3768.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $162k vs median $124,460
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cerritos, CA

Cerritos, California, located in Los Angeles County, is a vibrant suburban city known for its family-friendly environment and diverse community. Covering approximately 9.7 square miles, Cerritos is well-planned with a variety of residential, commercial, and recreational spaces. The city boasts a rich history, originally inhabited by the Tongva people and later developed for agriculture. Cerritos is famous for its extensive shopping and dining options, including the Cerritos Mall, which features a mix of national retailers and local boutiques. The city also emphasizes arts and culture, highlighted by the Cerritos Center for the Performing Arts, hosting a variety of performances and events throughout the year. Outdoor enthusiasts enjoy the well-maintained parks, such as Cerritos Regional Park, which offers sports facilities, walking trails, and picnic areas. The city is served by a robust public school system and is home to several highly-rated educational institutions. Its strategic location provides easy access to major freeways, making commuting to nearby cities in Southern California convenient. Overall, Cerritos is a thriving community that balances urban and suburban lifestyles while offering a welcoming atmosphere for residents and visitors alike.

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