Cost of Living in Lake elsinore, CA
Housing
The housing market plays a significant role in determining the cost of living in Lake elsinore, CA.
- Housing Index: 120.5 / 100
- Median Home Price is: $535000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2425 per month
When considering a move to Lake elsinore, CA, the housing index stands at 120.5, suggesting that housing costs are slightly above the national average. The median home price of 535000 could be a worthwhile investment given the area’s potential for appreciation. However, renting may be steep with an average of 2400 for a 2-bedroom apartment and 2425 for a 2-bedroom house. It's essential to evaluate your budget and lifestyle needs, as local amenities and community offerings could greatly influence your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake elsinore, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Lake elsinore, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lake elsinore is a financially viable option for your relocation.