Quick facts: South gate, CA

Quick Facts

127.6
Cost of Living
above US average
90,926
Population
37.42
Crime Rate per 1000
above US average
$67,188
Median Income
below US average
$735,000
Median House Price
above US average
$1997.5
Average Rent
above US average
18%
Poverty Rate
above US average
6.1%
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 $67,188.

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Income Needed to Buy

βœ— Stretch
$231k/year
Based on $735,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $231k vs median $67,188
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $1997.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $67,188
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South gate, CA

South Gate is a vibrant city located in Los Angeles County, California, with a rich history and a diverse community. Positioned approximately 12 miles southeast of downtown Los Angeles, South Gate is known for its accessibility and urban amenities. The city was incorporated in 1923 and has since evolved into a bustling urban area with a blend of residential, commercial, and industrial zones. One of South Gate's highlights is its strong sense of community and cultural diversity, with a notable Hispanic population contributing to the city's character. South Gate offers various parks and recreational facilities, including the popular South Gate Park, which features sports fields, playgrounds, and picnic areas. The city is served by major thoroughfares, making commuting and access to neighboring cities convenient. South Gate's economy benefits from a mix of retail and manufacturing businesses, providing local employment opportunities. Additionally, the city hosts events throughout the year that foster community spirit, such as festivals and farmers’ markets. With its close proximity to Los Angeles, South Gate offers residents a suburban feel with easy access to the vibrant urban life of the larger city.

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