Quick facts: Marina del rey, CA

Quick Facts

135.3
Cost of Living
above US average
10,274
Population
19.37
Crime Rate per 1000
below US average
$135,584
Median Income
above US average
$1,399,000
Median House Price
above US average
$5686.61
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
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 $135,584.

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Income Needed to Buy

βœ— Stretch
$439k/year
Based on $1,399,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $439k vs median $135,584
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Income Needed to Rent

⚠ Stretch
$244k/year
Based on $5686.61/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $244k vs median $135,584
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marina del rey, CA

Marina del Rey, located in Los Angeles County, California, is a picturesque coastal community known for its stunning marina, beautiful beaches, and vibrant waterfront lifestyle. This small city, incorporated in 1965, features a major marina that is one of the largest in the world, attracting boating enthusiasts and water sports lovers alike. The area is characterized by its scenic views of the Pacific Ocean, luxury condos, and an array of dining and shopping options along the Marina. The Venice Beach and Playa Vista neighborhoods are nearby, offering additional recreational activities and cultural experiences. Marina del Rey is also home to a variety of parks and outdoor spaces, including the popular Marina del Rey Beach, perfect for sunbathing, picnics, and beach volleyball. The annual events, such as the Marina del Rey Summer Concert Series, add to the community's lively atmosphere. With its pleasant Mediterranean climate, Marina del Rey is an ideal destination for outdoor activities year-round, making it a desirable place to live and visit in the greater Los Angeles area.

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