Quick facts: Santa fe springs, CA

Quick Facts

127.6
Cost of Living
above US average
18,439
Population
62.15
Crime Rate per 1000
above US average
$81,500
Median Income
above US average
$799,000
Median House Price
above US average
$3434.13
Average Rent
above US average
10%
Poverty Rate
below US average
5.5%
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 $81,500.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $81,500
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Income Needed to Rent

⚠ Stretch
$147k/year
Based on $3434.13/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $147k vs median $81,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Santa fe springs, CA

Santa Fe Springs is a vibrant city located in Los Angeles County, California. Nestled in the heart of the greater Los Angeles area, it spans approximately 2.5 square miles and is known for its rich history and diverse community. The city was incorporated in 1957 and has transformed from a primarily agricultural landscape to an industrious hub, featuring numerous businesses and manufacturing facilities. Santa Fe Springs boasts an excellent location, offering easy access to major freeways such as the I-5 and I-605, making it a convenient spot for commuters and businesses alike. The city is home to several parks and recreational facilities, providing residents with opportunities for outdoor activities and community events. In terms of demographics, Santa Fe Springs is a melting pot of cultures, contributing to a lively atmosphere with various dining options and cultural events. The city also places a strong emphasis on education, with access to quality schools and programs for residents. Overall, Santa Fe Springs combines a suburban feel with the advantages of urban amenities, making it an appealing place to live and work.

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