Housing costs in Lake Elsinore?
A typical home costs
$595,600, which is 76.2% more expensive than the national average of
$338,100 and 18.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lake Elsinore costs
$2,390 per month, which is 11.2% more than the national average of
$2,150 and 26.8% more than the state average of
$1,750.
Can I afford Lake Elsinore?
To live comfortably in Lake Elsinore (zip 92532), California, a minimum annual income of
$114,120 for a family, and
$76,400 for a single person is recommended.
What does A.I. say about Lake Elsinore?
The cost of living in 92532 Lake Elsinore, CA is relatively affordable compared to other parts of the country. According to BestPlaces's Cost of Living Index, the overall cost of living index for this area is 75.85 which is lower than the United States average of 100. This means that rent and groceries tend to be more affordable than other places in the US. Moreover, utilities and transportation costs are also lower than average due to the area’s mild climate and access to public transportation. All in all, 92532 Lake Elsinore makes a great choice for those looking for affordable living without sacrificing access to necessary amenities.