Is Pasadena MD A Good Place To Live?
When you take a look at the small city of Pasadena, MD you will see a very tight-knit community. With a population of around 31,000 residents, this census-designated town confuses the radar as it is spread across from Governor Ritchie Highway all the way towards the shores of the Patapsco River. The city of Pasadena, MD is a suburb of Baltimore being located less than half an hour away. With an average age of 35.8, the residents of Pasadena are young and 75% of them are part of young families that took to naming this city their home.
Living in Pasadena, MD
Because of its small-town feel and interconnected community, Pasadena, MD is a good place to live. There are two high schools that make it easy for the whole community to get involved in the education of its students. During football season especially, you’ll see the entire community rooting for their respective high school.
With such a big percentage of its population contributing to the married demographics and with 53% of these families having children, the city of Pasadena, MD is a good place to live for those who want a peaceful family life. There are many waterfront homes for sale in Pasadena where you can raise your family in a calm and quiet environment, right by the edge of Patapsco River. If you are looking for that family-oriented small town kind of life, you can reach out to our local real estate agents in Pasadena MD for more information.
Cost of living in Pasadena, MD
Overall the cost of living in Pasadena is higher than the national average. Being 1.2 times more expensive to live here than the majority of the rest of the country, you might think that would discourage people from wanting to move here. However, life in the suburbs is something that draws people here as it’s safer than the metropolitan areas close to it.
The biggest expense is housing. In Pasadena, MD the median home price is $330,000 which is higher than the national average by 5.4% and in turn only increases the cost of living. With the median household income at $103,000, it is interesting to see that over 80% of Pasadena’s residents own their home taking into consideration the fact homes aren’t easily affordable here. The other expenses that increase the cost of living in Pasadena, MD when compared to the national are transportation (13.6% higher), healthcare (24.7%) and groceries (27.9% higher).
Popular Real Estate Questions
Popular Real Estate Glossary Terms
The assessment in real estate definition means the evaluation of a property’s value by an assessor. They are generally required to evaluate the property annually as the assessment is ...
Has not been registered on the companies books. It belongs to the person holding it. See also bearer bond; bearer instrument. ...
Same as term financial institutions and markets: Institutions acting as intermediaries between suppliers and users of money. The financial markets are where those wanting funds are matched ...
The term statute is a written law that is adopted by a legislative body from the country, federal, state, county, or city level. The statute definition can be a legislative written decree ...
Person leaving from work to spend time in leisure activities. pay in full the balance on a debt either at or before the maturity date. Penalties may be assessed on prepaying a mortgage. ...
Expenditures paid for in advance such as property insurance, rent, and interest. Prepaid expenses are not used or consumed until later. They are typically of a recurring nature. ...
Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
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Giving one's approval to another, e.g., a fiduciary, to manage his or her finances. ...
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