Canyon Lake, CA Cost Of Living
Cost Of Living In Canyon Lake, CA Summary
Cost of living in Canyon Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Canyon Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Canyon Lake is 154, with 100 being the average.
The cost of living index in Canyon Lake is 1.5x higher than the national average.
Canyon Lake ranks as the #340 cheapest in California out of 634.
Canyon Lake ranks as the #5,792 cheapest out of 6,489 in the US.
The median home value in Canyon Lake is $697,974.
The median income in Canyon Lake is $124,948.
Table Of Contents
Canyon Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Canyon Lake, CA?
According to the most recent data on the cost of living, Canyon Lake has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to California, Canyon Lake has a cost of living index that's 1.1x higher than California's index of 141.
The standard of living in Canyon Lake ranks as #340 most affordable out of the 634 places we measured in California. By definition, that implies Canyon Lake ranks as the #294 most expensive place in the Golden State.
For more reading on life in Canyon Lake, check out:
In California
In America
Canyon Lake Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Canyon Lake. Here is how it fairs on each of the criteria:
The Services index in Canyon Lake is 111.
The Groceries index in Canyon Lake is 115.
The Health index in Canyon Lake is 100.
The Housing index in Canyon Lake is 253.
The Transportation index in Canyon Lake is 124.
The Utilities index in Canyon Lake is 94.
| Living Expense | Canyon Lake | California | National Average | |
|---|---|---|---|---|
| Overall | 154 | 141 | 100 | |
| Services | 111 | 110 | 100 | |
| Groceries | 115 | 112 | 100 | |
| Health | 100 | 110 | 100 | |
| Housing | 253 | 195 | 100 | |
| Transportation | 124 | 125 | 100 | |
| Utilities | 94 | 128 | 100 | |
Canyon Lake, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Canyon Lake is $697,974.
The Median Rent in Canyon Lake is $2,524.
The Median Income in Canyon Lake is $124,948.
The Home Value To Income in Canyon Lake is 5.6x.
The Rent To Monthly Income in Canyon Lake is 0.24x.
| Statistic | Canyon Lake | California | United States |
|---|---|---|---|
| Median Home Value | $697,974 | $763,287 | $303,400 |
| Median Rent | $2,524 | $1,956 | $1,348 |
| Median Income | $124,948 | $96,334 | $78,538 |
| Home Value To Income | 5.6x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Canyon Lake, CA Costs By Category
Detailed Canyon Lake Services Costs Vs. California
| Item | Canyon Lake | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Canyon Lake Groceries Costs Vs. California
| Item | Canyon Lake | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Canyon Lake Health Costs Vs. California
| Item | Canyon Lake | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Canyon Lake Transportation Costs Vs. California
| Item | Canyon Lake | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Canyon Lake Utilities Costs Vs. California
| Item | Canyon Lake | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Canyon Lake SnackAbility
/10
Cost Of Living In Cities Around Canyon Lake
The cost of living varies in the cities and towns around Canyon Lake. Here's a quick look at the cost of living in the most populous nearby places:
Lakeland, FL has a cost of living index of 95, 0.6x Canyon Lake.
Murrieta, CA has a cost of living index of 144, 0.9x Canyon Lake.
Temecula, CA has a cost of living index of 147, 1.0x Canyon Lake.
| City | Population | Cost Of Living | Vs. Canyon Lake |
|---|---|---|---|
| Lakeland, FL | 117,030 | 95 | 0.6x |
| Murrieta, CA | 111,621 | 144 | 0.9x |
| Temecula, CA | 110,404 | 147 | 1.0x |
| Menifee, CA | 107,020 | 135 | 0.9x |
| Perris, CA | 79,349 | 127 | 0.8x |
| Lake Elsinore, CA | 71,516 | 133 | 0.9x |
| Rancho Santa Margarita, CA | 47,257 | 176 | 1.1x |
| French Valley, CA | 42,550 | 150 | 1.0x |
| Wildomar, CA | 36,953 | 137 | 0.9x |
| Temescal Valley, CA | 28,560 | 153 | 1.0x |
