Canyon Lake, CA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 138, with 100 being the average.

  • The cost of living index in Canyon Lake is 1.4x higher than the national average.

  • Canyon Lake ranks as the #341 cheapest in California out of 635.

  • Canyon Lake ranks as the #5,521 cheapest out of 6,412 in the US.

  • The median home value in Canyon Lake is $496,700.

  • The median income in Canyon Lake is $120,118.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
138
Canyon Lake's Overall Cost Of Living
1.4x
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 138, which is 1.4x higher than the national index of 100.

Compared to California, Canyon Lake has a cost of living index that's 1.0x lower than California's index of 139.

The standard of living in Canyon Lake ranks as #341 most affordable out of the 635 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:

341 out of 635
In California
5,521 out of 6,412
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 113.

  • The Health index in Canyon Lake is 107.

  • The Housing index in Canyon Lake is 200.

  • The Transportation index in Canyon Lake is 135.

  • The Utilities index in Canyon Lake is 90.

Living Expense Canyon Lake California National Average
Overall 138 139 100
Services 111 110 100
Groceries 113 112 100
Health 107 109 100
Housing 200 204 100
Transportation 135 126 100
Utilities 90 124 100
For more reading on cost of living around California, check out:
Canyon Lake Cost of Living Vs. CA

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 2017-2021. The key points are:

  • The Median Home Value in Canyon Lake is $496,700.

  • The Median Rent in Canyon Lake is $2,263.

  • The Median Income in Canyon Lake is $120,118.

  • The Home Value To Income in Canyon Lake is 4.1x.

  • The Rent To Monthly Income in Canyon Lake is 0.23x.

Statistic Canyon Lake California United States
Median Home Value $496,700 $573,200 $244,900
Median Rent $2,263 $1,698 $1,163
Median Income $120,118 $84,097 $69,021
Home Value To Income 4.1x 6.8x 3.5x
Rent To Monthly Income 0.23x 0.24x 0.2x
Search Homes For Sale In Canyon Lake, CA
$496,700
Median Home Value
$2,263
Median Rent
$120,118
Median Income

Canyon Lake, CA Costs By Category

Detailed Canyon Lake Services Costs Vs. California

Item Canyon Lake California
Shampoo $1.17 $1.06
Movie $14.48 $10.68
Bowling $24.56 $14.67
Haircut $22.6 $18.62
Beauty Salon $66.25 $39.05

Detailed Canyon Lake Groceries Costs Vs. California

Item Canyon Lake California
Ground Beef $4.58 $4.22
Fried Chicken $1.72 $1.39
Milk $2.19 $2.05
Potatoes $2.99 $3.29
Pizza $11.66 $10.62
Beer $9.82 $9.38
Toothpaste $2.48 $2.34

Detailed Canyon Lake Health Costs Vs. California

Item Canyon Lake California
Optometrist $106.53 $108.57
Doctor $100.28 $116.17
Dentist $114.52 $99.13

Detailed Canyon Lake Transportation Costs Vs. California

Item Canyon Lake California
Gasoline $3.32 $2.22
Tire Balancing $52.6 $50.07

Detailed Canyon Lake Utilities Costs Vs. California

Item Canyon Lake California
All Electricity $138.7 $167.67
Phone $176.01 $175.64

Canyon Lake SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
4
Diversity
8
Safety
8.5
Amenities
8.5
Education
8.5
Commute
2

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:

  • Murrieta, CA has a cost of living index of 130, 0.9x Canyon Lake.

  • Lakeland, FL has a cost of living index of 90, 0.7x Canyon Lake.

  • Temecula, CA has a cost of living index of 135, 1.0x Canyon Lake.

City Population Cost Of Living Vs. Canyon Lake
Murrieta, CA 111,096 130 0.9x
Lakeland, FL 110,401 90 0.7x
Temecula, CA 109,376 135 1.0x
Menifee, CA 101,089 120 0.9x
Perris, CA 78,106 113 0.8x
Lake Elsinore, CA 68,822 119 0.9x
Rancho Santa Margarita, CA 48,190 163 1.2x
French Valley, CA 40,188 136 1.0x
Wildomar, CA 36,511 123 0.9x
Temescal Valley, CA 27,546 140 1.0x

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