Housing costs in Pasadena?
A typical home costs
$772,600, which is 128.5% more expensive than the national average of
$338,100 and 5.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Pasadena costs
$3,040 per month, which is 41.4% more than the national average of
$2,150 and 24.3% more than the state average of
$2,300.
Can I afford Pasadena?
To live comfortably in Pasadena (zip 91101), California, a minimum annual income of
$147,960 for a family, and
$95,600 for a single person is recommended.
What does A.I. say about Pasadena?
The cost of living in 91101 Pasadena, CA is relatively high compared to other parts of the country. According to a 2020 Cost of Living Index (COLI), the overall COLI for 91101 is 149.3, which is significantly higher than the national average index score of 100. This means that compared to the rest of the U.S., goods and services in this area are about 49% more expensive than what they would be elsewhere. Housing costs in particular are particularly expensive with median home values estimated at around $848,000 as of March 2021. As such, it can be difficult for those on a limited budget to afford living in this area without significant income or savings.