Quick facts: Baldwin park, CA

Quick Facts

110.3
Cost of Living
above US average
69,455
Population
18.76
Crime Rate per 1000
below US average
$76,002
Median Income
below US average
$689,000
Median House Price
above US average
$2921.27
Average Rent
above US average
12%
Poverty Rate
above US average
6.3%
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 $76,002.

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Income Needed to Buy

βœ— Stretch
$216k/year
Based on $689,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $216k vs median $76,002
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Income Needed to Rent

⚠ Stretch
$125k/year
Based on $2921.27/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $125k vs median $76,002
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Baldwin park, CA

Baldwin Park is a vibrant city located in Los Angeles County, California. Known for its diverse community and rich history, it covers an area of approximately 6.5 square miles. Baldwin Park is conveniently situated about 20 miles east of downtown Los Angeles, making it an ideal location for those who work in the city yet prefer a suburban lifestyle. The city is home to several parks, including the popular Morgan Park and Estaban E. Torres Park, which offer recreational facilities and green spaces for residents and visitors. Baldwin Park has a strong sense of community, with various cultural events and festivals throughout the year, highlighting the city's diversity and heritage. Economically, Baldwin Park benefits from a mix of manufacturing, retail, and service industries, contributing to its growth and development. The city also boasts a variety of dining options, from local eateries to international cuisine, reflecting its multicultural population. Baldwin Park's convenient transportation options, including access to the 10 and 605 freeways, make it easily accessible from surrounding areas. With a blend of family-friendly neighborhoods, a strong community spirit, and a variety of amenities, Baldwin Park is a welcoming place to call home.

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