Quick facts: Westminster, CA

Quick Facts

127.6
Cost of Living
above US average
89,397
Population
32.35
Crime Rate per 1000
above US average
$80,271
Median Income
below US average
$1,084,241
Median House Price
above US average
$2796
Average Rent
above US average
11%
Poverty Rate
above US average
4.4%
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 $80,271.

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Income Needed to Buy

βœ— Stretch
$340k/year
Based on $1,084,241 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $340k vs median $80,271
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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 $80,271
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westminster, CA

Westminster, California, is a vibrant city located in Orange County, situated about 10 miles inland from the Pacific coast. Known for its rich cultural diversity, Westminster has a significant Vietnamese population and is often recognized for its authentic cuisine, particularly along the bustling Bolsa Avenue, which features a variety of shops and restaurants. The city, founded in 1870, boasts a blend of suburban charm and urban amenities. It offers numerous parks, including the 26-acre Sigler Park, where families can enjoy outdoor activities, sports facilities, and playgrounds. Westminster's proximity to major freeways provides easy access to nearby attractions like Disneyland, Knott's Berry Farm, and South Coast Plaza. Westminster is also home to several community events throughout the year, such as the annual Westminster Rose Festival, highlighting the strong community spirit. The city’s educational institutions, shopping centers, and recreational offerings make it an attractive place for families and individuals alike. With its pleasant climate and welcoming atmosphere, Westminster is a great destination to live, work, and visit.

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