Housing costs in Lake Forest?
A typical home costs
$1,006,000, which is 197.5% more expensive than the national average of
$338,100 and 37.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lake Forest costs
$3,070 per month, which is 42.8% more than the national average of
$2,150 and 25.1% more than the state average of
$2,300.
Can I afford Lake Forest?
To live comfortably in Lake Forest (zip 92610), California, a minimum annual income of
$192,600 for a family, and
$102,400 for a single person is recommended.
What does A.I. say about Lake Forest?
The cost of living in 92610 Lake Forest, CA is 168.5, which is 68.5% higher than the US average Cost of Living of 100. Despite the higher cost of living, the median value of homes within the area is at $1.006e+006 - more than three times higher than the national average house value of $338,100. This suggests that although goods and services may be slightly more expensive here than elsewhere in the country, there is a greater potential for long-term property investment and increased equity over time.