Lake Elsinore, CA Cost Of Living
Cost Of Living In Lake Elsinore, CA Summary
Cost of living in Lake Elsinore 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 Lake Elsinore 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 Lake Elsinore is 133, with 100 being the average.
The cost of living index in Lake Elsinore is 1.3x higher than the national average.
Lake Elsinore ranks as the #202 cheapest in California out of 634.
Lake Elsinore ranks as the #5,125 cheapest out of 6,489 in the US.
The median home value in Lake Elsinore is $582,451.
The median income in Lake Elsinore is $96,527.
Table Of Contents
Lake Elsinore's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Elsinore, CA?
According to the most recent data on the cost of living, Lake Elsinore has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to California, Lake Elsinore has a cost of living index that's 0.9x lower than California's index of 141.
The standard of living in Lake Elsinore ranks as #202 most affordable out of the 634 places we measured in California. By definition, that implies Lake Elsinore ranks as the #432 most expensive place in the Golden State.
For more reading on life in Lake Elsinore, check out:
In California
In America
Lake Elsinore Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Lake Elsinore. Here is how it fairs on each of the criteria:
The Services index in Lake Elsinore is 110.
The Groceries index in Lake Elsinore is 113.
The Health index in Lake Elsinore is 100.
The Housing index in Lake Elsinore is 186.
The Transportation index in Lake Elsinore is 125.
The Utilities index in Lake Elsinore is 92.
| Living Expense | Lake Elsinore | California | National Average | |
|---|---|---|---|---|
| Overall | 133 | 141 | 100 | |
| Services | 110 | 110 | 100 | |
| Groceries | 113 | 112 | 100 | |
| Health | 100 | 110 | 100 | |
| Housing | 186 | 195 | 100 | |
| Transportation | 125 | 125 | 100 | |
| Utilities | 92 | 128 | 100 | |
Lake Elsinore, 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 Lake Elsinore is $582,451.
The Median Rent in Lake Elsinore is $1,915.
The Median Income in Lake Elsinore is $96,527.
The Home Value To Income in Lake Elsinore is 6.0x.
The Rent To Monthly Income in Lake Elsinore is 0.24x.
| Statistic | Lake Elsinore | California | United States |
|---|---|---|---|
| Median Home Value | $582,451 | $763,287 | $303,400 |
| Median Rent | $1,915 | $1,956 | $1,348 |
| Median Income | $96,527 | $96,334 | $78,538 |
| Home Value To Income | 6.0x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Elsinore, CA Costs By Category
Detailed Lake Elsinore Services Costs Vs. California
| Item | Lake Elsinore | 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 Lake Elsinore Groceries Costs Vs. California
| Item | Lake Elsinore | 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 Lake Elsinore Health Costs Vs. California
| Item | Lake Elsinore | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Lake Elsinore Transportation Costs Vs. California
| Item | Lake Elsinore | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Lake Elsinore Utilities Costs Vs. California
| Item | Lake Elsinore | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Lake Elsinore SnackAbility
/10
Cost Of Living In Cities Around Lake Elsinore
The cost of living varies in the cities and towns around Lake Elsinore. Here's a quick look at the cost of living in the most populous nearby places:
Corona, CA has a cost of living index of 150, 1.1x Lake Elsinore.
Lakeland, FL has a cost of living index of 95, 0.7x Lake Elsinore.
Murrieta, CA has a cost of living index of 144, 1.1x Lake Elsinore.
| City | Population | Cost Of Living | Vs. Lake Elsinore |
|---|---|---|---|
| Corona, CA | 158,839 | 150 | 1.1x |
| Lakeland, FL | 117,030 | 95 | 0.7x |
| Murrieta, CA | 111,621 | 144 | 1.1x |
| Temecula, CA | 110,404 | 147 | 1.1x |
| Menifee, CA | 107,020 | 135 | 1.0x |
| Mission Viejo, CA | 92,415 | 184 | 1.4x |
| Lake Forest, CA | 85,846 | 175 | 1.3x |
| Perris, CA | 79,349 | 127 | 1.0x |
| Rancho Santa Margarita, CA | 47,257 | 176 | 1.3x |
| Wildomar, CA | 36,953 | 137 | 1.0x |
