Quick facts: Hermosa beach, CA

Quick Facts

160.2
Cost of Living
above US average
18,985
Population
26.55
Crime Rate per 1000
above US average
$149,500
Median Income
above US average
$2,795,000
Median House Price
above US average
$10158.63
Average Rent
above US average
7%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $149,500.

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Income Needed to Buy

βœ— Stretch
$877k/year
Based on $2,795,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $877k vs median $149,500
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Income Needed to Rent

⚠ Stretch
$435k/year
Based on $10158.63/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $435k vs median $149,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hermosa beach, CA

Hermosa Beach is a picturesque coastal city located in Los Angeles County, California. Known for its beautiful sandy beaches, vibrant nightlife, and laid-back atmosphere, Hermosa Beach offers a quintessential Southern California experience. The city's beach stretches for approximately 1.5 miles along the Pacific Ocean, providing ample opportunities for sunbathing, surfing, and beach volleyball. The Hermosa Beach Pier is a popular spot, featuring an iconic wooden structure that offers stunning ocean views and serves as a hub for local events. The nearby Hermosa Beach Strand is perfect for walking, jogging, or biking, lined with palm trees and charming beachside cafes. The city boasts a lively dining and nightlife scene, with a variety of restaurants, bars, and shops along Pier Avenue. Eco-conscious and community-oriented, Hermosa Beach hosts various events throughout the year, including surf festivals and art walks. With a population of about 20,000, Hermosa Beach retains a small-town feel while being in close proximity to the bustling life of Los Angeles. Its temperate climate and coastal charm make it a desirable destination for both residents and visitors alike.

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