Quick facts: Rosemead, CA

Quick Facts

125.3
Cost of Living
above US average
49,791
Population
22.59
Crime Rate per 1000
below US average
$70,073
Median Income
below US average
$850,000
Median House Price
above US average
$2667.08
Average Rent
above US average
14%
Poverty Rate
above US average
5.6%
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 $70,073.

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Income Needed to Buy

βœ— Stretch
$267k/year
Based on $850,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $267k vs median $70,073
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2667.08/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $70,073
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rosemead, CA

Rosemead is a charming city located in Los Angeles County, California, known for its diverse community and rich cultural heritage. Nestled at the base of the San Gabriel Mountains, it offers a suburban feel with easy access to larger urban amenities. The city is approximately 10 miles east of downtown Los Angeles, making it a convenient location for commuters. With a population of around 54,000, Rosemead boasts a variety of local businesses, restaurants, and shopping centers, reflecting its multicultural environment. The city's vibrant cuisine scene includes offerings from various cultures, particularly Asian influences. Outdoor enthusiasts can enjoy parks like Rosemead Park and Garvey Park, which provide recreational opportunities for families and individuals alike. The city also hosts several annual events and festivals that foster community spirit. Transportation is readily available, with major highways and public transit options connecting residents to surrounding areas. Overall, Rosemead combines the tranquility of suburban life with the conveniences of city living, making it an appealing destination for residents and visitors.

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