Quick facts: Long beach, CA

Quick Facts

127.6
Cost of Living
above US average
451,307
Population
30.62
Crime Rate per 1000
above US average
$78,995
Median Income
below US average
$805,000
Median House Price
above US average
$2796
Average Rent
above US average
18%
Poverty Rate
above US average
6.0%
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 $78,995.

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Income Needed to Buy

βœ— Stretch
$253k/year
Based on $805,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $253k vs median $78,995
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2796/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $78,995
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Long beach, CA

Long Beach, California, is a vibrant coastal city located in Los Angeles County, known for its stunning waterfront, diverse culture, and thriving economy. With a population of approximately 470,000, Long Beach is one of the largest cities in California, featuring a rich blend of residential, commercial, and recreational areas. The city boasts several notable attractions, including the Long Beach Museum of Art, the Aquarium of the Pacific, and the iconic Queen Mary, a historic ocean liner turned hotel. Long Beach is also home to beautiful sandy beaches, parks, and a bustling marina, making it a popular destination for both residents and tourists. Cultural diversity is a hallmark of Long Beach, reflected in its neighborhoods, festivals, and culinary scene. The city hosts events such as the Long Beach Pride Parade and the Long Beach Jazz Festival, celebrating its inclusive community spirit. With a strong economy centered on shipping, tourism, and healthcare, Long Beach offers numerous job opportunities and educational facilities, including California State University, Long Beach. Overall, Long Beach combines urban sophistication with a relaxed beachfront lifestyle, making it a unique place to live, work, and play.

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