Quick facts: Claremont, CA

Quick Facts

125.7
Cost of Living
above US average
36,001
Population
23.11
Crime Rate per 1000
above US average
$115,091
Median Income
above US average
$899,000
Median House Price
above US average
$3268.62
Average Rent
above US average
6%
Poverty Rate
below US average
5.4%
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 $115,091.

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Income Needed to Buy

βœ— Stretch
$282k/year
Based on $899,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $282k vs median $115,091
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Income Needed to Rent

⚠ Stretch
$140k/year
Based on $3268.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $140k vs median $115,091
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Claremont, CA

Claremont, California, is a charming city located in Los Angeles County, known for its rich history and vibrant cultural scene. Nestled at the foothills of the San Gabriel Mountains, Claremont is often referred to as the "City of Trees and PhDs," thanks to its picturesque tree-lined streets and the presence of several prestigious higher education institutions, including the Claremont Colleges, a consortium of seven private colleges. The city features a quaint, walkable downtown area filled with eclectic shops, restaurants, and art galleries, making it a popular spot for both residents and visitors. The Claremont Village hosts various events throughout the year, such as art walks and farmers' markets, fostering a strong sense of community. Outdoor enthusiasts can explore the many nearby hiking trails in the Angeles National Forest or enjoy the expansive parks and botanical gardens within the city. Claremont also boasts a rich cultural heritage, showcased through its numerous museums and historic sites. Overall, Claremont offers a unique blend of academic excellence, natural beauty, and a lively community atmosphere, making it an attractive destination for families, students, and professionals alike.

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