March 3, 2023
Love Los Angeles but want to get away from the crowds? You should think of moving to Pasadena! Pasadena, located at the foothills of the San Gabriel Mountains, offers opulent homes and a plethora of dining, shopping, and entertainment choices. We've put together this comprehensive guide to Pasadena, its residents, ...
Love Los Angeles but want to get away from the crowds? You should think of moving to Pasadena! Pasadena, located at the foothills of the San Gabriel Mountains, offers opulent homes and a plethora of dining, shopping, and entertainment choices. We’ve put together this comprehensive guide to Pasadena, its residents, and communities to help you learn more about the area.
Pasadena is ingrained in our collective consciousness. The “Little Old Lady from Pasadena” was sung about by Jan and Dean; millions of people have watched the annual Tournament of Roses New Year parade; football fans follow the Rose Bowl Game; and fans of The Big Bang Theory recognize Pasadena as the birthplace of Leonard, Sheldon, and Penny. Apart from its cultural significance, Pasadena draws a large number of residents.
Also, Read: Reasons Why We Should All Be Moving To California
Pasadena is home to the Jet Propulsion Laboratory and the California Institute of Technology, so it has a strong science and technology presence. Many interesting boutiques, bars, and restaurants can be found in Old Town Pasadena, making it ideal for a night out on the town or weekend shopping. Six species of naturalized parrots add vibrant color and sound to the Pasadena setting, for a bit of esoteric information.
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Pasadena is just ten miles northeast of the commotion in Los Angeles, but it is far from a small community. It is the ninth-largest city in Los Angeles County, with a population of 141,371. Pasadena, one of the San Gabriel Valley’s major cultural hubs, is home to a plethora of theaters, museums, art galleries, music, prestigious higher education, and more. Pasadena is a Chippewa term that means “crown of the valley” and lives up to its name.
Is Pasadena the right place for you to call home? Let’s look at some of the advantages and disadvantages of residing in The Crown of the Valley.
Pros
Beautiful weather all year in Southern California.
Beautiful views of the rugged San Gabriel Mountains to the north.
There’s a lot of entertainment here, as well as some fantastic restaurants.
There are many wonderful parks and food markets to visit all year.
An hour’s drive from the beach or winter skiing in the mountains
Technology and science scion
Cons
The extremely high cost of living, especially in terms of housing costs
There is a lot of traffic, especially during big events
During some times of the year, the air quality is poor.
Sales and income taxes are higher than average.
In certain regions, crime rates are higher than the national average.
Property Tax: A house in Pasadena costs $815,000 on average. 0.793 percent is the overall county tax rate. You should expect to pay $6,741.00 in property taxes per year based on those figures.
Sales Tax: The combined sales tax rate in Pasadena is 10.25%. Pasadena’s sales tax rate is one of the highest in the state (and the country).
State Income Tax: California has ten income tax brackets, with rates ranging from 1% to 12.3%. If your taxable income is between $56,086 and $286,492, you can pay 9.3%.
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Renters make up just over half of Pasadena’s population, accounting for 52.2 percent of the city’s population. Despite the fact that only 1.6 percent of the city’s houses and apartments are available for sale, the average rent in September 2019 was $2,918 – almost double the national average of $1,470.
Though none of Pasadena’s neighborhoods are particularly inexpensive, some are more so than others. The city’s lowest rents are found in Historic Highlands, Bungalow Heaven, Oak Knoll, Madison Heights, and Casa Grande.
Pasadena’s median home price was $815,600 in September 2019, more than three times the national average of $231,200. Home prices increased by 1.2 percent last year, but are expected to grow by just 0.2 percent this year.
BestPlaces.net is an excellent resource for learning about a new area. They use a 100-point scale to assess a city’s cost of living. The cost of living index in Pasadena is 216.9, more than double the national average. The high cost of living in Pasadena is largely due to an expensive housing market; the cost of the housing index in Pasadena is 436.5, more than four times the national average. The cost of transportation is high at 179.5, but the prices of groceries (100.4), health (85.2), and utilities (101) are all below or near the US averages.
Individuals’ average income was $41,268 in March 2019, while the median household income was $70,845. According to the Economic Policy Institute’s Family Budget Calculator, a family of four in Pasadena will need $7,691 per month or $92,295 per year to live comfortably.
While Pasadena’s job growth was lower than the national average of 1.6 percent over the last year, the projected growth of 35.2 percent over the next ten years is significantly higher than the national average of 33.5 percent. Pasadena’s unemployment rate is currently 3.9 percent, which is comparable to the national average.
Education and health care services, arts, culture, lodging, technical, research, and management services, and food services, and retail trade are all major industries. Pasadena Unified School District, AT&T, City of Pasadena, Jet Propulsion Laboratory, Kaiser Permanente, Pasadena City College, Bank of America, California Institute of Technology, Huntington Hospital, and Pacific Clinics are among the top employers in the city.