Quick facts: Redondo beach, CA

Quick Facts

145.3
Cost of Living
above US average
68,918
Population
22.21
Crime Rate per 1000
below US average
$134,033
Median Income
above US average
$1,890,000
Median House Price
above US average
$5073.99
Average Rent
above US average
Poverty rate Data is updating, will be available soon
5.0%
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 $134,033.

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Income Needed to Buy

βœ— Stretch
$593k/year
Based on $1,890,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $593k vs median $134,033
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Income Needed to Rent

⚠ Stretch
$217k/year
Based on $5073.99/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $217k vs median $134,033
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Redondo beach, CA

Redondo Beach, located in Los Angeles County, California, is a charming coastal city known for its beautiful beaches, vibrant boardwalk, and picturesque waterfront. With a population of approximately 67,000 residents, it offers a mix of suburban living and beach culture. The city's most prominent feature is its sandy shoreline, which attracts both locals and tourists for sunbathing, surfing, and beach volleyball. The Redondo Beach Pier is a popular destination, featuring restaurants, shops, and scenic views of the Pacific Ocean. The area also hosts various events throughout the year, including outdoor concerts and farmers' markets. Outdoor enthusiasts can enjoy the nearby King Harbor, where opportunities for sailing, kayaking, and paddleboarding abound. Redondo Beach is also home to several parks, providing spaces for picnics, sports, and relaxation. With a Mediterranean climate characterized by warm summers and mild winters, Redondo Beach is an ideal location for year-round outdoor activities. The city offers a diverse range of dining options, from casual beachside eateries to upscale restaurants. With its laid-back atmosphere and strong community vibe, Redondo Beach is a great place to live, work, and play.

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