Lake Mathews, CA Cost Of Living
Cost Of Living In Lake Mathews, CA Summary
Cost of living in Lake Mathews 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 Mathews 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 Mathews is 133, with 100 being the average.
The cost of living index in Lake Mathews is 1.3x higher than the national average.
Lake Mathews ranks as the #297 cheapest in California out of 635.
Lake Mathews ranks as the #5,359 cheapest out of 6,412 in the US.
The median home value in Lake Mathews is $570,800.
The median income in Lake Mathews is $96,044.
Table Of Contents
Lake Mathews's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Mathews, CA?
According to the most recent data on the cost of living, Lake Mathews has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to California, Lake Mathews has a cost of living index that's 1.0x lower than California's index of 139.
The standard of living in Lake Mathews ranks as #297 most affordable out of the 635 places we measured in California. By definition, that implies Lake Mathews ranks as the #338 most expensive place in the Golden State.
For more reading on life in Lake Mathews, check out:
- Living In Lake Mathews
- Search Homes For Sale In Lake Mathews, CA
In California
In America
Lake Mathews Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Lake Mathews. Here is how it fairs on each of the criteria:
The Services index in Lake Mathews is 114.
The Groceries index in Lake Mathews is 113.
The Health index in Lake Mathews is 105.
The Housing index in Lake Mathews is 177.
The Transportation index in Lake Mathews is 137.
The Utilities index in Lake Mathews is 89.
| Living Expense | Lake Mathews | California | National Average | |
|---|---|---|---|---|
| Overall | 133 | 139 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 113 | 112 | 100 | |
| Health | 105 | 109 | 100 | |
| Housing | 177 | 204 | 100 | |
| Transportation | 137 | 126 | 100 | |
| Utilities | 89 | 124 | 100 | |
Lake Mathews, 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 Lake Mathews is $570,800.
The Median Rent in Lake Mathews is $1,851.
The Median Income in Lake Mathews is $96,044.
The Home Value To Income in Lake Mathews is 5.9x.
The Rent To Monthly Income in Lake Mathews is 0.23x.
| Statistic | Lake Mathews | California | United States |
|---|---|---|---|
| Median Home Value | $570,800 | $573,200 | $244,900 |
| Median Rent | $1,851 | $1,698 | $1,163 |
| Median Income | $96,044 | $84,097 | $69,021 |
| Home Value To Income | 5.9x | 6.8x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.24x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Mathews, CA Costs By Category
Detailed Lake Mathews Services Costs Vs. California
| Item | Lake Mathews | 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 Lake Mathews Groceries Costs Vs. California
| Item | Lake Mathews | 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 Lake Mathews Health Costs Vs. California
| Item | Lake Mathews | California |
|---|---|---|
| Optometrist | $106.53 | $108.57 |
| Doctor | $100.28 | $116.17 |
| Dentist | $114.52 | $99.13 |
Detailed Lake Mathews Transportation Costs Vs. California
| Item | Lake Mathews | California |
|---|---|---|
| Gasoline | $3.32 | $2.22 |
| Tire Balancing | $52.6 | $50.07 |
Detailed Lake Mathews Utilities Costs Vs. California
| Item | Lake Mathews | California |
|---|---|---|
| All Electricity | $138.7 | $167.67 |
| Phone | $176.01 | $175.64 |
Lake Mathews SnackAbility
/10
Cost Of Living In Cities Around Lake Mathews
The cost of living varies in the cities and towns around Lake Mathews. Here's a quick look at the cost of living in the most populous nearby places:
Riverside, CA has a cost of living index of 124, 0.9x Lake Mathews.
Corona, CA has a cost of living index of 134, 1.0x Lake Mathews.
Perris, CA has a cost of living index of 113, 0.8x Lake Mathews.
| City | Population | Cost Of Living | Vs. Lake Mathews |
|---|---|---|---|
| Riverside, CA | 314,858 | 124 | 0.9x |
| Corona, CA | 157,844 | 134 | 1.0x |
| Perris, CA | 78,106 | 113 | 0.8x |
| Redlands, CA | 72,649 | 128 | 1.0x |
| Eastvale, CA | 68,539 | 154 | 1.2x |
| Rancho Santa Margarita, CA | 48,190 | 163 | 1.2x |
| Temescal Valley, CA | 27,546 | 140 | 1.1x |
| Norco, CA | 26,176 | 145 | 1.1x |
| El Cerrito, CA | 25,898 | 177 | 1.3x |
| Loma Linda, CA | 24,712 | 122 | 0.9x |
