Quick facts: Compton, CA

Quick Facts

114.2
Cost of Living
above US average
91,988
Population
37.98
Crime Rate per 1000
above US average
$69,728
Median Income
below US average
$650,000
Median House Price
above US average
$2441.48
Average Rent
above US average
21%
Poverty Rate
above US average
7.6%
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 $69,728.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $650,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $69,728
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2441.48/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $69,728
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Compton, CA

Compton, located in Los Angeles County, California, is a city known for its rich cultural history and vibrant community. With a population of approximately 96,000 residents, it spans roughly 10 square miles. Compton is famous for its significant contributions to hip-hop music and has been home to influential artists. The city has a diverse demographic, with a mix of cultures that contribute to its unique atmosphere. Compton offers various parks and recreational facilities, including the picturesque Kenneth Hahn State Recreation Area, providing residents and visitors with opportunities for outdoor activities. Despite facing challenges, such as economic disparities and crime rates, efforts have been made to revitalize the city. Local initiatives focus on community engagement, education enhancement, and economic development to promote a safer and more prosperous environment. Compton's strategic location provides easy access to major highways and Los Angeles, making it an essential part of the greater Los Angeles metropolitan area. The city boasts a growing arts scene, community events, and educational programs aimed at fostering a sense of pride and identity among its residents.

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