Quick facts: Pasadena, TX

Quick Facts

98.7
Cost of Living
below US average
147,662
Population
33.89
Crime Rate per 1000
above US average
$64,698
Median Income
below US average
$223,250
Median House Price
above US average
$1325
Average Rent
below US average
12%
Poverty Rate
above US average
5.9%
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 $64,698.

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Income Needed to Buy

βœ— Stretch
$70k/year
Based on $223,250 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $70k vs median $64,698
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,698) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pasadena, TX

Pasadena, Texas, is a vibrant city located within the Houston Metropolitan area. Known for its rich cultural history, Pasadena is inhabited by a diverse population and features a mix of urban and suburban living. As of the 2020 census, the city had a population of around 153,000 residents. Pasadena has a strong sense of community, reflected in its numerous parks, recreational facilities, and annual events like the Pasadena Livestock Show & Rodeo. The city is also home to several educational institutions, including Pasadena Independent School District, which offers well-regarded public schools. The city's economy is bolstered by its proximity to the Port of Houston and major industries, including manufacturing and healthcare. With a variety of dining, shopping, and entertainment options, Pasadena has something to offer everyone. Additionally, the city's strategic location allows easy access to the amenities of nearby Houston, including cultural attractions, professional sports, and vibrant nightlife. Overall, Pasadena is an excellent blend of suburban charm and urban convenience.

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