Living in Canyon Lake, California
Cost of living, income, home prices, rent and demographics of Canyon Lake · Census data 2020–2024
Canyon Lake has 11,119 residents with a median age of 47. The median household income is $126,926 (28% higher than the California median), the median home value is $699,600, the median rent is $2,608/month.
Canyon Lake at a glance
- Population
- 11,119
- Median age
- 47State: 37.9
- Median household income
- $126,926State: $99,122
- Median home value
- $699,600State: $734,700
- Median rent
- $2,608/moState: $2,036
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 30.7%
- Average commute
- 48 min
Is Canyon Lake a good place to live?
Pros: Median household income 28% higher than the California median; home values 5% lower than the state median; unemployment of 4.3%; a poverty rate of 7.3%.
Cons: An average commute of 48 minutes.
The weather is best in April–May and October–November.
Cost of living in Canyon Lake
Housing is the biggest part of the cost of living. In Canyon Lake the median home value is $699,600, 110% higher than the U.S. median. Renters pay a median of $2,608 per month, which is 24.3% of household income. Homeowners with a mortgage pay $2,981 a month in housing costs.
Canyon Lake median household income
The median household income in Canyon Lake is $126,926 and the income per person is $58,589. 7.3% of residents live below the poverty line (California: 12%).
Housing in Canyon Lake: homes for sale and rent
- Housing units
- 4,507
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.70
Canyon Lake demographics
- Population
- 11,119
- Median age
- 47
- Under 18
- 22.9%
- 65 and older
- 26.1%
- Households
- 4,105
- Foreign-born
- 5.8%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Canyon Lake ›
Education in Canyon Lake
30.7% of adults 25 and older in Canyon Lake have a bachelor's degree or higher (California: 37.1%), and 11.9% have a graduate or professional degree.
Jobs and commute in Canyon Lake
- Unemployment rate
- 4.3%State: 6.6%
- Average commute
- 48 minState: 29 min
- Work from home
- 29%
- Drive alone
- 59.7%
- Public transit
- 0.3%
- Walk to work
- 0.7%
- Homes with broadband
- 97.3%
Canyon Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Canyon Lake | 11,119 | $126,926 | $699,600 | $2,608 |
| Meadowbrook | 2,627 | $56,212 | $264,600 | $1,599 |
| Lake Elsinore | 72,461 | $101,888 | $566,000 | $2,078 |
| Warm Springs | 1,673 | $70,341 | $329,100 | $1,653 |
| Menifee | 110,305 | $93,454 | $537,300 | $2,110 |
| Wildomar | 37,277 | $103,506 | $552,400 | $2,003 |
| Good Hope | 8,816 | $56,981 | $391,700 | $1,528 |
| Lakeland Village | 12,236 | $85,748 | $463,500 | $1,858 |
| Perris | 80,511 | $88,911 | $474,700 | $1,876 |
More for people moving to Canyon Lake
Canyon Lake ZIP code ›Weather and climate ›Living in Canyon Lake: FAQ
What is the median household income in Canyon Lake, CA?
The median household income in Canyon Lake is $126,926, 28% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Canyon Lake?
The median home value in Canyon Lake is $699,600, compared with $734,700 in California.
How much is rent in Canyon Lake?
The median gross rent in Canyon Lake is $2,608 per month, about 24.3% of household income.
Is Canyon Lake, CA a good place to live?
Pluses: median household income 28% higher than the California median; home values 5% lower than the state median; unemployment of 4.3%; a poverty rate of 7.3%. Minuses: an average commute of 48 minutes.
What is the median age in Canyon Lake?
The median age in Canyon Lake is 47 years (California: 37.9).
How long is the commute in Canyon Lake?
The average commute to work in Canyon Lake is 48 minutes; 29% of workers work from home.
What is the unemployment rate in Canyon Lake?
The unemployment rate in Canyon Lake is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Canyon Lake?
30.7% of adults in Canyon Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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