🏡 Housing costs in Wildomar?
Daily life in Wildomar Ca is influenced by various factors, including housing costs. A typical home costs $571,800, which is 69.1% more expensive than the national average of $338,100 and 22.0% less expensive than the average California home, at $733,500. Renting a two-bedroom unit in Wildomar costs $2,120 per month, which is 48.3% more than the national average of $1,430 and close to the state average of $2,150.
💰 Can I afford Wildomar?
To live comfortably in Wildomar, California, a minimum annual income of $109,440 for a family, and $67,600 for a single person is recommended.
Wildomar, CA is a great place to live with plenty of amenities and activities for all ages. The cost of living in Wildomar is very reasonable compared to some other areas in California. The median home price is around $380,000, which is slightly below the state average. Renting an apartment will typically cost around $1,500 per month. Groceries and other everyday necessities are also relatively inexpensive. Taxes are low compared to other cities across the state, making it a highly desirable area for families and individuals alike who want to stretch their budget further without sacrificing quality of life.
⛅️ Crime Rate and Climate
Wildomar crime rates are 17.1% lower than the national average. There were a total of 44 violent crimes in Wildomar (117 per 100,000 people), which is 68.2% lower than the national average and there were a total of 678 property crimes (1810 per 100,000 residents) which is 7.4% lower than average.
Wildomar stands out with one of the lowest violent crime rates in the United States. Reporting only 117 violent crimes per 100,000 people, Wildomar secures its place among the safest cities in the nation, making it an enticing destination for those in search of a new home.
Wildomar, California enjoys a mild Mediterranean climate, with hot dry summers and mild wet winters. The city experiences an average of 263 sunny days per year and an average relative humidity of 65%.
Wildomar sees temperatures ranging from lows in the mid-40s during the winter months to highs in the upper-90s during the summer months. Rainfall is moderate throughout the year with an average of 16 inches annually. Additionally, the city sees very little snowfall each year. Consequently, Wildomar’s weather is ideal for outdoor activities all year round!
Wildomar, California gets 12 inches of rain, on average, per year. The US average is 38 inches of rain per year.
Wildomar averages 0 inches of snow per year. The US average is 28 inches of snow per year.
On average, there are 272 sunny days per year in Wildomar. The US average is 205 sunny days.
Wildomar gets some kind of precipitation, on average, 31 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 Wildomar
Wildomar, CA is home to several excellent schools. The local area is served by the Lake Elsinore Unified School District that encompasses a variety of different grade levels from pre-K through 12th grade.
The district provides high-quality educational opportunities to its students and includes several top rated schools with exceptional ratings. These schools offer a range of courses and extracurricular activities designed to suit all types of interests. Students are able to explore their passions in academics, athletics, theater, music, and more. Overall, Wildomar provides a great education for its students through its quality academic programs, supportive staff, and active parent involvement in the school district.
Wildomar, CA is a small city located in Riverside County and is a great place for families due to the many educational opportunities that are available. The local education system is highly rated by residents, with many excellent schools and resources available to students. In Wildomar there are several high performing public elementary and secondary schools as well as private and charter options. All of these schools benefit from a strong community support system which allows students to receive individualized attention and support that helps them achieve success in reaching their academic goals. Additionally, the city offers plenty of extracurricular activities such as sports teams, clubs, drama programs and science/technology programs for students to explore their interests outside of the classroom. With its diverse range of educational opportunities, Wildomar ensures that all students have access to a top-notch education.
Wildomar 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 Wildomar
Wildomar, CA is an affordable city located in Riverside County. With a two-bedroom rent of $2,120 compared to the US’s average price of $1,430, it is an optimal location for those looking to save money on housing costs. In addition to being cost-effective, the city also has a high grocery cost index rating of 101 compared to the US’s average of 100. Popular local companies within Wildomar include Watermark Real Estate Group, DC Plumbing & Drain Cleaning Pros and Hennessy Construction Inc., all offering excellent services. Overall, Wildomar offers both affordability and convenience for its residents.
According to the March 2023 report from the Employment Development Department, Wildomar’s unemployment rate stands at 4.4%.
Wildomar 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 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Wildomar
– The Sales Tax Rate for for Wildomar is 7.8%. The US average is 7.3%.
– The Income Tax Rate for Wildomar is 9.3%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living.
Housing Stats
Wildomar, CA is a great place to invest in real estate. According to the data, the median value of housing in Wildomar is $571,800. This is significantly higher than the US median value of $338,100. Furthermore, the 1-year house appreciation in Wildomar was 9.15%, which is greater than the national 1-year house appreciation rate of 8.27%. These factors indicate that there are good investment opportunities for those looking to purchase property in Wildomar.
The median home cost in Wildomar is $571,800. Home appreciation for the last 10 years has been 193.0%. Home Appreciation in Wildomar is up 17.4%.
Average Age of Homes
- The median age of Wildomar real estate is 26 years old.
The Rental Market in Wildomar
- Renters make up 26.5% of the Wildomar population
- 1.0% of houses and apartments in Wildomar, are available to rent
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