Paramount is a mid-sized city located in the state of California. The city has a population of 54,941 residents. With a population density of 11,618 people per square mile, Paramount is well above the nation's average density level. More than a quarter of the residents of Paramount identify themselves as Hispanic or Latino, and 74% of the population speak Spanish as their primary or secondary language. Paramount tends to attract a younger crowd, as the median age of 31 is far below the national average.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the area before actually living in Paramount, California. With useful information like amenities, education, housing and other key data points, finding the best places to live in Paramount and in the areas around Paramount is a much easier task.
With a livability score of 62 out of 100, Paramount is ranked #21,454 in the United States and #873 in California. Based on the grades for each individual category, Paramount has been rewarded with high marks for amenities (A+) and weather (A+). On a more negative note, Paramount does not have favorable scores for the following: crime (F), cost of living (F), education (F) and employment (F). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Paramount on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Assuming that Paramount meets all of your requirements, the next most important item to examine is the affordability of real estate in Paramount. Everything else becomes a lot less important if it turns out that home prices in Paramount are simply unattainable. The median home price for Paramount homes is $283,400, which is 30.8% lower than the California average. If we take a closer look at the affordability of homes in Paramount, we’ll see that the home price to income ratio is 6.1, which is 4.7% lower than the California average. Year over year appreciation rates for homes in the Paramount area were 3.7% and the 5 year appreciation rates came in at 11.3%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.