🏡 Housing costs in Lake Elsinore?
Daily life in Lake Elsinore Ca is influenced by various factors, including housing costs. 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.
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.
⛅️ Crime Rate and Climate
Lake Elsinore, CA is a city located in Riverside County, California. It has an average violent crime rate of 15.2, which is much lower than the national average of 22.7. Additionally, its property crime rate is 42.9, slightly higher than the national average of 35.4. Despite this higher rate of property crime, Lake Elsinore still remains a safe community with low levels of violent crime compared to similar cities across the country.
Crime is ranked on a scale of 1 (low crime) to 100 (high crime).
Lake Elsinore violent crime is 15.2. (The US average is 22.7)
Lake Elsinore property crime is 42.9. (The US average is 35.4)
The climate in Lake Elsinore, CA is characterized by mild winters and hot summers. Average temperatures range from the mid to upper 40s in winter months to the low 80s in summer months, with an average annual temperature of 63 degrees Fahrenheit.
The area receives about 11 inches of rain per year, mostly concentrated between November and March. Lake Elsinore, CA experiences plenty of sunshine throughout the year, with an average total of 292 sunny days annually. The city typically has cool breezes coming from nearby mountains, making it a perfect place for outdoor activities all year round.
Lake Elsinore, California gets 12 inches of rain, on average, per year. The US average is 38 inches of rain per year.
Lake Elsinore averages 0 inches of snow per year. The US average is 28 inches of snow per year.
On average, there are 270 sunny days per year in Lake Elsinore. The US average is 205 sunny days.
Lake Elsinore gets some kind of precipitation, on average, 33 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground. In order for precipitation to be counted you have to get at least .01 inches on the ground to measure.
🚸 Schools in Lake Elsinore
The schools in Lake Elsinore, CA are great for families looking to provide their children with the best education possible. The area is served by the Lake Elsinore Unified School District, which is highly rated and offers a variety of educational options for students. There are several elementary and middle schools within the district that offer students a well-rounded education that prepares them for high school and beyond. Additionally, there are several private schools in the area that provide excellent educational opportunities as well. Many of these private schools have been rated highly by parent reviews as providing an excellent education at reasonable prices. With all of these options available, parents can be sure to find a school that fits the needs of their child in Lake Elsinore.
Daily life in Lake Elsinore Ca is shaped by its status as a fast-growing city nestled in the foothills of the Santa Ana Mountains. It is known for its high quality of life and abundance of outdoor recreational activities. Education in Lake Elsinore has always been a top priority for the citizens, with local schools consistently receiving high ratings from parents, teachers, and students alike. The city boasts some of the best elementary, middle, and high schools in the area; each school provides students with engaging curriculums that include advanced learning opportunities such as robotics clubs and honors classes. With well-rounded education programs and dedicated staff members, Lake Elsinore is an excellent place to receive a quality education.
Lake Elsinore schools spend $8,682 per student (The US average is $12,383). There are 25 pupils per teacher, 22,114 students per librarian, and 680 children per counselor.
📊 Economy in Lake Elsinore
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. The housing market in Lake Elsinore, CA is flourishing, contributing to the vibrant daily life in Lake Elsinore Ca. 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.
Housing Stats
The housing market in Lake Elsinore, CA is flourishing, contributing to the vibrant daily life in Lake Elsinore Ca. The median value of houses is currently at $527,600, significantly higher than the US House Median Value of $338,100. In addition to this, the US House appreciation rate for the past year was 8.27%, however in Lake Elsinore it was even higher at 9.15%. This shows that the housing market in Lake Elsinore is an attractive option for those looking to buy or invest in property and offers an excellent opportunity to gain a return on their investment.
The median home cost in Lake Elsinore is $527,600. Home appreciation for the last 10 years has been 193.0%. Home Appreciation in Lake Elsinore is up 17.4%.
Average Age of Homes
– The median age of Lake Elsinore real estate is 18 years old.
The Rental Market in Lake Elsinore
- Renters make up 31.7% of the Lake Elsinore population.
- 1.0% of houses and apartments in Lake Elsinore are available to rent.
If you have questions about daily life in Lake Elsinore, Ca, call Your Home Sold Guaranteed Realty – David Limon Team | Visit Google Business Page.
