Lake Elsinore, CA Cost Of Living

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

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 119, with 100 being the average.

  • The cost of living index in Lake Elsinore is 1.2x higher than the national average.

  • Lake Elsinore ranks as the #181 cheapest in California out of 635.

  • Lake Elsinore ranks as the #4,736 cheapest out of 6,412 in the US.

  • The median home value in Lake Elsinore is $392,200.

  • The median income in Lake Elsinore is $80,350.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
119
Lake Elsinore's Overall Cost Of Living
1.2x
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 119, which is 1.2x 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 139.

The standard of living in Lake Elsinore ranks as #181 most affordable out of the 635 places we measured in California. By definition, that implies Lake Elsinore ranks as the #454 most expensive place in the Golden State.

For more reading on life in Lake Elsinore, check out:

181 out of 635
In California
4,736 out of 6,412
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 113.

  • The Groceries index in Lake Elsinore is 116.

  • The Health index in Lake Elsinore is 106.

  • The Housing index in Lake Elsinore is 138.

  • The Transportation index in Lake Elsinore is 137.

  • The Utilities index in Lake Elsinore is 91.

Living Expense Lake Elsinore California National Average
Overall 119 139 100
Services 113 110 100
Groceries 116 112 100
Health 106 109 100
Housing 138 204 100
Transportation 137 126 100
Utilities 91 124 100
For more reading on cost of living around California, check out:
Lake Elsinore Cost of Living Vs. CA

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 2017-2021. The key points are:

  • The Median Home Value in Lake Elsinore is $392,200.

  • The Median Rent in Lake Elsinore is $1,691.

  • The Median Income in Lake Elsinore is $80,350.

  • The Home Value To Income in Lake Elsinore is 4.9x.

  • The Rent To Monthly Income in Lake Elsinore is 0.25x.

Statistic Lake Elsinore California United States
Median Home Value $392,200 $573,200 $244,900
Median Rent $1,691 $1,698 $1,163
Median Income $80,350 $84,097 $69,021
Home Value To Income 4.9x 6.8x 3.5x
Rent To Monthly Income 0.25x 0.24x 0.2x
Search Homes For Sale In Lake Elsinore, CA
$392,200
Median Home Value
$1,691
Median Rent
$80,350
Median Income

Lake Elsinore, CA Costs By Category

Detailed Lake Elsinore Services Costs Vs. California

Item Lake Elsinore 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 Elsinore Groceries Costs Vs. California

Item Lake Elsinore 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 Elsinore Health Costs Vs. California

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

Detailed Lake Elsinore Transportation Costs Vs. California

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

Detailed Lake Elsinore Utilities Costs Vs. California

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

Lake Elsinore SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
9
Affordability
4
Diversity
9.5
Safety
5
Amenities
8.5
Education
6
Commute
2

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 134, 1.1x Lake Elsinore.

  • Murrieta, CA has a cost of living index of 130, 1.1x Lake Elsinore.

  • Lakeland, FL has a cost of living index of 90, 0.8x Lake Elsinore.

City Population Cost Of Living Vs. Lake Elsinore
Corona, CA 157,844 134 1.1x
Murrieta, CA 111,096 130 1.1x
Lakeland, FL 110,401 90 0.8x
Temecula, CA 109,376 135 1.1x
Menifee, CA 101,089 120 1.0x
Mission Viejo, CA 93,932 166 1.4x
Lake Forest, CA 85,516 159 1.3x
Perris, CA 78,106 113 0.9x
Rancho Santa Margarita, CA 48,190 163 1.4x
Wildomar, CA 36,511 123 1.0x

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