Cost of Living and Housing in Lake Elsinore, California

Lake Elsinore has about 72,461 residents. Median gross rent is $2,078 per month and median household income is $101,888.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $2,078/mo 26% above the dataset median

Median Home Value $566,000 51% above the dataset median

Median Household Income $101,888 21% above the dataset median

Owner-Occupied Homes 71% Share of occupied housing units

Rent-to-Income Baseline 24% Annual median rent ÷ household income

Home Value-to-Income 5.6x Median value ÷ household income

How Lake Elsinore compares

Rent is 26% above the dataset median, while household income is 21% above the dataset median. Within California, Lake Elsinore ranks #171 from lowest to highest rent and #162 from highest to lowest household income among 347 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in California

Frequently asked questions

What is the median rent in Lake Elsinore?

Median gross rent is $2,078 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Lake Elsinore?

The median value of owner-occupied homes is $566,000 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Lake Elsinore is $101,888 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.