Cost of living in Menifee 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 Menifee 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 Menifee is 120, with 100 being the average.
The cost of living index in Menifee is 1.2x higher than the national average.
Menifee ranks as the #193 cheapest in California out of 635.
Menifee ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Menifee is $371,500.
The median income in Menifee is $80,741.
According to the most recent data on the cost of living, Menifee has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to California, Menifee has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Menifee ranks as #193 most affordable out of the 635 places we measured in California. By definition, that implies Menifee ranks as the #442 most expensive place in the Golden State.
For more reading on life in Menifee, check out:
Six factors go into calculating the cost of living index in Menifee. Here is how it fairs on each of the criteria:
The Services index in Menifee is 112.
The Groceries index in Menifee is 113.
The Health index in Menifee is 106.
The Housing index in Menifee is 133.
The Transportation index in Menifee is 138.
The Utilities index in Menifee is 89.
|Living Expense||Menifee||California||National Average|
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 Menifee is $371,500.
The Median Rent in Menifee is $1,793.
The Median Income in Menifee is $80,741.
The Home Value To Income in Menifee is 4.6x.
The Rent To Monthly Income in Menifee is 0.27x.
|Median Home Value||$371,500||$573,200||$244,900|
|Home Value To Income||4.6x||6.8x||3.5x|
|Rent To Monthly Income||0.27x||0.24x||0.2x|
The cost of living varies in the cities and towns around Menifee. Here's a quick look at the cost of living in the most populous nearby places:
Moreno Valley, CA has a cost of living index of 119, 1.0x Menifee.
Murrieta, CA has a cost of living index of 130, 1.1x Menifee.
Lakeland, FL has a cost of living index of 90, 0.8x Menifee.
|City||Population||Cost Of Living||Vs. Menifee|
|Moreno Valley, CA||208,371||119||1.0x|
|French Valley, CA||40,188||136||1.1x|
|Temescal Valley, CA||27,546||140||1.2x|
|East Hemet, CA||19,998||110||0.9x|