Quick facts: La mirada, CA

Quick Facts

118.5
Cost of Living
above US average
46,323
Population
17.05
Crime Rate per 1000
below US average
$104,130
Median Income
above US average
$820,000
Median House Price
above US average
$3358.82
Average Rent
above US average
9%
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 $104,130.

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Income Needed to Buy

βœ— Stretch
$257k/year
Based on $820,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $257k vs median $104,130
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Income Needed to Rent

⚠ Stretch
$144k/year
Based on $3358.82/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $144k vs median $104,130
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for La mirada, CA

La Mirada is a vibrant city located in Los Angeles County, California. Nestled between the larger cities of Santa Fe Springs and Whittier, La Mirada boasts a suburban feel while still being close to the bustling urban life of greater Los Angeles. Known for its family-friendly atmosphere, the city offers a variety of recreational opportunities, including parks, sports complexes, and community events. La Mirada is home to several educational institutions, including the La Mirada High School and Biola University, a significant private Christian university that attracts students from diverse backgrounds. The city’s cultural landscape is enriching, with local theaters like the La Mirada Theatre for the Performing Arts showcasing various performances and events. For shopping and dining, residents can explore the La Mirada Marketplace, which features an array of shops and restaurants. The city's location provides easy access to major freeways, making travel to Los Angeles and other parts of Southern California convenient. With its blend of community spirit, educational opportunities, and recreational facilities, La Mirada remains a desirable place to live and work.

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