Cost of living in Lake Elsinore
Lake Elsinore, located in California, offers a unique blend of suburban living with scenic views and a growing community. Understanding the cost of living in this city is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed decisions about living in Lake Elsinore.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $12 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $50 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14, with a range between $12 and $16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $20, imported beer $6 to $10, cappuccino $3.25 to $8, and Coke/Pepsi $2.33 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.53 per liter, averaging $1.09.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.42 and $5.51, with an average price of $3.31.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $3.75, averaging $3.41.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.28 to $7.72 per kg, while oranges range from $3.28 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $11.02 per kg, and lettuce costs $0.99 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.21 and $1.59 per liter.
- Taxi Fares - Taxi fares start at $6.25, with a cost of $0 per km and $0 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $23,200 and $36,753.89, while a Toyota Corolla ranges from $26,897.27 to $35,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1955.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1650.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2900.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2695.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5543.41.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $4827.61.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $200, averaging $130.53.
- Internet - Internet services range from $29 to $85, with an average cost of $29.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Lake Elsinore offers a moderate cost of living with relatively affordable housing compared to larger Californian cities.
Dining out can be reasonably priced, especially at casual restaurants, while grocery prices are competitive.
Transportation costs are manageable, with gasoline prices reflecting typical California rates.
Utilities and internet services are reasonably priced, contributing to a balanced monthly budget.
Conclusion
Lake Elsinore presents a balanced cost of living, making it an attractive option for those seeking suburban life with access to California's amenities.
Potential residents should consider the competitive housing market and the reasonable costs of dining and transportation when planning their move.