Quick facts: Sierra madre, CA

Quick Facts

125.5
Cost of Living
above US average
10,809
Population
8.7
Crime Rate per 1000
below US average
$128,056
Median Income
above US average
$1,900,000
Median House Price
above US average
$3664.17
Average Rent
above US average
7%
Poverty Rate
below US average
5.2%
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 $128,056.

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Income Needed to Buy

βœ— Stretch
$596k/year
Based on $1,900,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $596k vs median $128,056
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Income Needed to Rent

⚠ Stretch
$157k/year
Based on $3664.17/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $157k vs median $128,056
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sierra madre, CA

Sierra Madre is a charming city located in Los Angeles County, California, nestled at the base of the San Gabriel Mountains. Known for its small-town ambiance, Sierra Madre boasts a rich history with well-preserved architecture reflecting its early 20th-century roots. The city's proximity to larger metropolitan areas offers residents a peaceful retreat while still providing access to the amenities of the nearby city of Pasadena. One of Sierra Madre's treasures is its picturesque downtown area, which features a variety of shops, restaurants, and cafes, all surrounded by beautiful tree-lined streets. The annual Sierra Madre Wistaria Festival, celebrating one of the world's largest blooming wisteria vines, attracts visitors each spring and highlights the city's community spirit. Outdoor enthusiasts can enjoy numerous hiking trails and parks, including the popular Mount Wilson Trail, which leads to stunning vistas of the surrounding mountains and valleys. The city is also home to several historical landmarks, including the Sierra Madre Playhouse and the historic Cottage Park. With a close-knit community, excellent schools, and a commitment to preserving its unique character, Sierra Madre offers a delightful lifestyle for residents and a warm welcome to visitors.

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