Quick facts: Palmdale, CA

Quick Facts

127.6
Cost of Living
above US average
163,463
Population
17.77
Crime Rate per 1000
below US average
$78,414
Median Income
below US average
$41,000
Median House Price
above US average
$2437.5
Average Rent
above US average
13%
Poverty Rate
above US average
8.2%
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 $78,414.

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Income Needed to Buy

βœ“ Affordable
$13k/year
Based on $41,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($78,414) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$104k/year
Based on $2437.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $104k vs median $78,414
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Palmdale, CA

Palmdale, located in Los Angeles County, California, is a vibrant city situated in the Antelope Valley region. Known for its picturesque desert landscapes and outdoor recreational opportunities, Palmdale is characterized by its warm, sunny climate, with desert temperatures and stunning sunsets. The city has a rich history tied to aerospace and technology, especially given its proximity to major defense contractors and the aerospace industry. Palmdale is home to various residential neighborhoods and commercial districts, including the Antelope Valley Mall, which offers shopping, dining, and entertainment options. Outdoor enthusiasts can enjoy the nearby Angeles National Forest, providing opportunities for hiking, camping, and exploring nature. The city hosts several annual events and cultural festivals that celebrate its diverse community. Education is a priority in Palmdale, with several public and private schools, along with access to higher education institutions. Overall, Palmdale offers a unique blend of suburban living combined with ample outdoor activities, making it an appealing place for families and individuals alike.

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