Welcome to Pasadena, California
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Pasadena has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Pasadena
Its average salary is a central indicator of Pasadena’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $65,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, education, government, manufacturing, finance makes Pasadena an ideal location for professionals from various walks of life.
Median Home Value in Pasadena
The real estate landscape in Pasadena is as varied as it is promising. The median home value is $850,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 52.60% underlines Pasadena as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 47.40% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Pasadena
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In California, the average credit score sits at 721. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Pasadena. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Pasadena
Pasadena has a population of around 135,732 inhabitants. These residents are comfortably spread across 23.0 sq mi (or 59.6 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 6,030 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Pasadena
Pasadena enjoys a thriving economy with Healthcare, education, government, manufacturing, finance being the major contributors. The proximity of the nearest airport (Bob Hope Airport (BUR)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 721 reflects a financially responsible and economically active populace.
Educational Opportunities in Pasadena
Pasadena holds education in high esteem. The city boasts top-ranking schools, such as South Houston High School, Pasadena Memorial High School, Sam Rayburn High School, Dobie High School, J. Frank Dobie High School, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like California Institute of Technology (Caltech), ArtCenter College of Design and Pasadena City College, produce a well-educated, competent workforce contributing to Pasadena’s vibrant economy and societal fabric.
City’s Alias: Pasadena
Affectionately known as ‘The Rose City‘, Pasadena, positioned at 34.16°N 118.14°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Pasadena promises a rewarding and enriching experience.
Recreation and Lifestyle in Pasadena
Experience the exciting pace of life in Pasadena, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Pasadena caters to all. Popular attractions include The Huntington Library, Art Museum, and Botanical Gardens, Norton Simon Museum and Eaton Canyon Falls, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Pasadena’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.