Living in Lake Elsinore, California
Cost of living, income, home prices, rent and demographics of Lake Elsinore · Census data 2020–2024
Lake Elsinore has 72,461 residents with a median age of 33.7. The median household income is $101,888 (about the same as the California median), the median home value is $566,000, the median rent is $2,078/month.
Lake Elsinore at a glance
- Population
- 72,461
- Median age
- 33.7State: 37.9
- Median household income
- $101,888State: $99,122
- Median home value
- $566,000State: $734,700
- Median rent
- $2,078/moState: $2,036
- Homeowners
- 70.9%
- Bachelor's degree or higher
- 24.3%
- Average commute
- 43 min
Is Lake Elsinore a good place to live?
Pros: Median household income about the same as the California median; home values 23% lower than the state median; unemployment of 6.3%; a poverty rate of 9.4%.
Cons: An average commute of 43 minutes.
The weather is best in April–May and October–November.
Cost of living in Lake Elsinore
Housing is the biggest part of the cost of living. In Lake Elsinore the median home value is $566,000, 70% higher than the U.S. median. Renters pay a median of $2,078 per month, which is 35.5% of household income. Homeowners with a mortgage pay $2,819 a month in housing costs.
Lake Elsinore median household income
The median household income in Lake Elsinore is $101,888 and the income per person is $35,809. 9.4% of residents live below the poverty line (California: 12%).
Housing in Lake Elsinore: homes for sale and rent
- Housing units
- 21,428
- Owner-occupied
- 70.9%
- Renter-occupied
- 29.1%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 3.53
Lake Elsinore demographics
- Population
- 72,461
- Median age
- 33.7
- Under 18
- 27.3%
- 65 and older
- 9.9%
- Households
- 20,499
- Foreign-born
- 20.9%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Elsinore ›
Education in Lake Elsinore
24.3% of adults 25 and older in Lake Elsinore have a bachelor's degree or higher (California: 37.1%), and 7.9% have a graduate or professional degree.
Jobs and commute in Lake Elsinore
- Unemployment rate
- 6.3%State: 6.6%
- Average commute
- 43 minState: 29 min
- Work from home
- 13.5%
- Drive alone
- 69.8%
- Public transit
- 0.2%
- Walk to work
- 1.3%
- Homes with broadband
- 93.6%
Lake Elsinore vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Elsinore | 72,461 | $101,888 | $566,000 | $2,078 |
| Warm Springs | 1,673 | $70,341 | $329,100 | $1,653 |
| Lakeland Village | 12,236 | $85,748 | $463,500 | $1,858 |
| Meadowbrook | 2,627 | $56,212 | $264,600 | $1,599 |
| Canyon Lake | 11,119 | $126,926 | $699,600 | $2,608 |
| Wildomar | 37,277 | $103,506 | $552,400 | $2,003 |
| Good Hope | 8,816 | $56,981 | $391,700 | $1,528 |
| Menifee | 110,305 | $93,454 | $537,300 | $2,110 |
| Temescal Valley | 30,069 | $122,051 | $710,400 | $2,938 |
More for people moving to Lake Elsinore
Lake Elsinore ZIP code ›Weather and climate ›Living in Lake Elsinore: FAQ
What is the median household income in Lake Elsinore, CA?
The median household income in Lake Elsinore is $101,888, about the same as 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 Lake Elsinore?
The median home value in Lake Elsinore is $566,000, compared with $734,700 in California.
How much is rent in Lake Elsinore?
The median gross rent in Lake Elsinore is $2,078 per month, about 35.5% of household income.
Is Lake Elsinore, CA a good place to live?
Pluses: median household income about the same as the California median; home values 23% lower than the state median; unemployment of 6.3%; a poverty rate of 9.4%. Minuses: an average commute of 43 minutes.
What is the median age in Lake Elsinore?
The median age in Lake Elsinore is 33.7 years (California: 37.9).
How long is the commute in Lake Elsinore?
The average commute to work in Lake Elsinore is 43 minutes; 13.5% of workers work from home.
What is the unemployment rate in Lake Elsinore?
The unemployment rate in Lake Elsinore is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Elsinore?
24.3% of adults in Lake Elsinore 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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