Housing costs in Lake Elsinore?
A typical home costs
$527,600, which is 56.0% more expensive than the national average of
$338,100 and 28.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lake Elsinore costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 2.7% more than the state average of
$2,150.
Can I afford Lake Elsinore?
To live comfortably in Lake Elsinore, California, a minimum annual income of
$101,160 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Lake Elsinore?
The cost of living in Lake Elsinore, CA is significantly higher than the average cost of living in the United States. According to data, the median value of a house in Lake Elsinore is $527600 whereas the median value of a house in the US is only $338100. Additionally, the Cost of Living index for Lake Elsinore is 135.6 compared to 100 for the US. This means that everyday purchases are more expensive and incomes must be higher to maintain a comfortable lifestyle in Lake Elsinore than elsewhere in the country on average.