Quick facts: Pasadena, MD

Quick Facts

114.1
Cost of Living
above US average
32,161
Population
9.79
Crime Rate per 1000
below US average
$113,944
Median Income
above US average
$450,000
Median House Price
above US average
$2857.8
Average Rent
above US average
6%
Poverty Rate
below US average
4.5%
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 $113,944.

🏠

Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $113,944
🏒

Income Needed to Rent

⚠ Stretch
$122k/year
Based on $2857.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $122k vs median $113,944
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pasadena, MD

Pasadena, Maryland, is a charming suburb located in Anne Arundel County. Nestled between the Patapsco River and the Chesapeake Bay, it offers a blend of suburban comfort and outdoor recreation. The area is known for its family-friendly atmosphere, with numerous parks, schools, and local amenities. Pasadena has a rich history, with roots dating back to the 18th century, and it has grown steadily into a vibrant community. Residents enjoy access to various shopping centers, restaurants, and entertainment options. The nearby BWI Airport makes it convenient for travel. Outdoor enthusiasts can explore the nearby beaches and parks, such as Sandy Point State Park, which offers hiking, swimming, and picnicking. The community also hosts several events throughout the year, fostering a strong sense of local pride. With its proximity to Baltimore and Annapolis, Pasadena is an ideal location for those seeking a peaceful suburban life while still being close to urban attractions. The blend of natural beauty, community spirit, and accessibility makes Pasadena a desirable place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“