The booming American city of Pasadena is located in the Los Angeles County area of California. It is well known for its magnificent landscapes, alluring architecture, and rich cultural legacy. The city provides a fantastic environment for both living, studying and working. Keep in mind that the city, like the majority of Californian cities, has a high cost of living.
You should be aware of all the expenses involved before deciding to move to Pasadena. You should be knowledgeable about the cost of living in Pasadena before relocating. We’ll go into great detail on the many costs of city living in this blog, such as rent, utilities, entertainment, and food.
To find out more about the cost of living in Pasadena, keep reading.
- Housing Costs in Pasadena
- Renting Vs. Owning a Home
- Utilities and Transportation Costs
- Food Costs
- Healthcare and Insurance Costs
- Entertainment Costs
- Impact of Income on Cost of Living in Pasadena
- Cost of Living in Pasadena Vs. Cost of Living In Other California Cities
- How to Save Money in Pasadena?
- Trends in Cost of Living in Pasadena
- Know the Advantages and Disadvantages of Living in Pasadena
- How to Negotiate Better Prices?
- Hidden Costs
- Balancing Quality of Life
- FAQs
Housing Costs in Pasadena
The city’s desirable location is one of the main causes of Pasadena’s high home prices. Pasadena has one of the highest property prices in the nation. It has every luxury and is close to Los Angeles.
One of the breathtaking natural features that surrounds the city is the San Gabriel Mountains. Two additional significant causes of the city’s high cost of living are its beautiful architecture and charming neighborhoods.
Refer to the following chart to comprehend the typical cost of housing in Pasadena:
Average Cost of Home | $853,400 |
Average Rent of One-Bedroom Apartment | $2,200 Per Month |
Average Rent of Two-Bedroom Apartment | $2,800 Per Month |
Despite having expensive housing, Pasadena has a lot to offer its people. The Norton Simon Museum and the Pasadena Playhouse are two of the city’s many cultural landmarks.
The Botanical Gardens, the Rose Bowl Stadium, the Huntington Library, and the Art Museum are just a few of the city’s parks and outdoor spaces. Not to mention the wonderful eateries presenting a range of delicious foods.
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Renting Vs. Owning a Home
You might be wondering if you should rent a home or buy one in Pasadena. There are certain things you should keep in mind before you decide which option you should choose, such as:
- Owning a home can be a really good investment if we think about the long run.
- Renting also has its own benefits. For instance, you don’t have to worry about expenses such as maintenance costs, property taxes, and repairs.
- If you are ready for a financial commitment of owning a home and can’t afford an upfront cost, then renting a home is a better option for you.
- One thing you should consider is that the average cost of owning and renting a home varies on the basis of the neighborhood.
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Utilities and Transportation Costs
The costs of utilities in Pasadena are around the average for California. It is worth noting that if you are living in an older apartment, then the utility bills can be higher in cost because of the low energy efficiency.
Have a look at the table below to understand the cost of utilities and transportation in Pasadena:
Average Cost of Electricity, Gas, and Water | $150 Per Month |
Average Price of a Single Ride on Metro Bus or Train | $1.75 |
Average Price of a Monthly Pass on Metro Bus or Train | $100 |
The costs of transportation in Pasadena are relatively higher in California. Fortunately, there are many transportation options that can allow you to save money. You can use ride-sharing services, such as Uber and Lyft that can immensely help you in saving money.
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Food Costs
It is usually more expensive to eat outside than to cook at home in Pasadena. Food costs are one of the major things that come to people’s minds when they plan to relocate. Have a look at some of the average costs of food in Pasadena:
Cost of a Meal At a Mid-Range Restaurant | $15-$40 Per Person |
Average Cost of Grocery | $322.08 Per Person, Per Month |
Healthcare and Insurance Costs
If you are living in Pasadena and don’t have health insurance, then you may have to bear high medical expenses in case you get sick or injured. The average cost of health insurance in Pasadena is about nearly $540 per month. But it should be kept in mind that the rates can vary as per age, location, and plan.
It is recommended that you shop around and find the best insurance plan that fits your budget and medical requirements.
Entertainment Costs
If you live in Pasadena, then you don’t have to worry about the entertainment as the city has so much to offer. It is home to various theaters, museums, galleries, parks, and outdoor spaces.
The entertainment expenses in the city can vary greatly based on your choices. For instance, the cost of a round of golf at one of Pasadena’s public courses can range between $30 to $60. On the other hand, nearby resorts like Mammoth Mountain can cost you hundreds of dollars a day.
Also Read: Understanding the cost of living in Ohio
Impact of Income on Cost of Living in Pasadena
The income you earn immensely affects your comfort of living in Pasadena. In case you are earning a six-figure salary, you can expect to live comfortably in a more costly neighbourhood and use all the amenities that the city offers.
But if you earn the minimum wage, then you have to be more careful with your spending and seek affordable housing options.
Cost of Living in Pasadena Vs. Cost of Living In Other California Cities
The cost of living in Pasadena is comparable to that of many other Californian cities. For instance, housing costs are similarly high in San Francisco and Los Angeles. San Diego and Sacramento, on the other hand, are comparatively less expensive.
It is important to note that California has a higher cost of living than the rest of the country.
Also Read: Is $200000 a good salary in USA?
How to Save Money in Pasadena?
Pasadena continues to be a city where you may live comfortably despite its high cost of living. The actions listed below can help you save money:
- You can explore inexpensive housing options, such as taking a roommate or renting a rent-controlled apartment.
- You may shop at discount stores like Costco to save money on food.
- You can benefit from the city’s free events and activities as well.
- To get to work, use a bike or the public transportation system. You can reduce the cost of your trip by doing this.
Also Read: Understanding the cost of living in Virginia
Trends in Cost of Living in Pasadena
The increased housing demand in the city, according to reports, will force Pasadena’s housing costs to increase even more. In addition, rising prices for products and services are projected. But it’s important to keep in mind that the city should progressively become more inexpensive as more enterprises relocate there.
Know the Advantages and Disadvantages of Living in Pasadena
Living in Pasadena comes with both advantages and disadvantages. Below, we have outlined some of the advantages of residing in this city:
- Awe-inspiring landscapes, majestic structures, and a thriving culture will be all around you.
- A solid pay and a wide range of employment possibilities will also make it easier for you to manage the higher cost of living in Pasadena.
On the other hand, there are certain disadvantages to living in Pasadena, such as:
- The high cost of living in Pasadena can be challenging for people with lower income levels.
- You might have a hard time locating affordable housing options.
How to Negotiate Better Prices?
You can use a variety of strategies to get cheap prices, such as asking for a rent break or a better automobile bargain. Several of these strategies consist of:
- To fully appreciate the market value of the products or services you wish to purchase, be sure to undertake preliminary research.
- You can grow close to the seller. You’ll receive a better deal by doing this and persuading them that you’re a dependable tenant or client.
- Don’t be scared to haggle with your seller or dealer either.
Hidden Costs
There are some hidden costs you need to be aware of before you make up your mind to move to Pasadena. For instance, you may have to bear hidden expenses, such as parking fees and pet fees. If you prepare a budget for these hidden costs well in advance, then you can manage your finances better in Pasadena.
Also, if you live in an old apartment, then you may have to pay for the repairs and upgrades that your landlord won’t pay for.
Also Read: What is the cost of living in Washington?
Balancing Quality of Life
It is possible to live a good quality life in Pasadena without bearing a lot of expenses. But you need proper planning and smart decisions when it comes to financing. For instance, you can save a lot of money by avoiding dining out and preparing meals at home instead.
Be careful with your habit of spending and save money by opting for public transportation and low-cost entertainment options. By spending wisely, you can easily manage the high cost of living in Pasadena.
FAQs
Is Pasadena cheaper than Los Angeles?
Pasadena is cheaper than Los Angeles. The average daily cost per individual in Los Angeles is $258, while it is $62 in Pasadena.
Is Pasadena a good place to live?
Yes, Pasadena is a good place to live. With its mesmerising architecture, diverse culture, and employment opportunities, Pasadena has a lot to offer to its residents.
How much salary is enough to live in LA?
A single individual needs to earn around $76,710 after taxes in order to live comfortably in Los Angeles.