Lake Elsinore, CA is a beautiful city located in Southern California, just an hour away from the coast. It is home to many exciting businesses such as the Skydive Elsinore skydiving center, Storm Stadium baseball park, and The Lake Elsinore casino. The city is known for its affordable living costs with 2 bedroom rent costing around $2,210 compared to the national average of $1,430. Grocery cost index in Lake Elsinore is also on par with the US at a 100 compared to 100. Furthermore, the city is one of the fastest growing cities in Southern California with plenty of attractions like the Lake Elsinore Grand Prix off-road race track. Overall, Lake Elsinore has something for everyone and makes it a great place to live.
Lake Elsinore has an unemployment rate of 7.6%. The US average is 6.0%.
Lake Elsinore has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Elsinore
- The Sales Tax Rate for Lake Elsinore is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Elsinore is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Elsinore
- The average income of a Lake Elsinore resident is $21,016 a year. The US average is $28,555 a year.
- The Median household income of a Lake Elsinore resident is $80,350 a year. The US average is $69,021 a year.