Cost of Living in Lake Elsinore, CA
Population: 71,516 • 2026 Data
$96,527
Median Household Income
+25% vs national
$1,915
Median Monthly Rent
+42% vs national
$505,700
Median Home Value
+49% vs national
6.4%
Unemployment Rate
Housing in Lake Elsinore
The median home value in Lake Elsinore, CA is $505,700. Monthly rent for a typical unit averages $1,915, while total monthly housing costs (including utilities and insurance) average $2,217.
Rent-to-income ratio: 23.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lake Elsinore, CA is $96,527. The unemployment rate stands at 6.4%, with a labor force of 36,297 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.