Lake Elsinore, California is a mid-sized city with a population of 60,230 people. More than a quarter of the residents of Lake Elsinore identify themselves as Hispanic or Latino, and 33% of the population speak Spanish as their primary or secondary language. Lake Elsinore could be a great place for young adults and students as the average age of 30 years old is below the nation’s average. If you are looking for a family friendly city, Lake Elsinore might be a good fit as 74% of the population over 15 years old are married, and 44% have kids who are 18 years old or younger.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Lake Elsinore could be a positive experience compared to other cities in California if you know where to look. The best areas in Lake Elsinore and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, weather, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the California and national averages.
With a livability score of 65 out of 100, Lake Elsinore is ranked #17,488 in the United States and #656 in California. If we examine each of the categories on their own, we see that Lake Elsinore ranks well for amenities (A+) and weather (A-). There are some categories that Lake Elsinore does not rank well for, including: cost of living (F), education (F) and employment (F). It might be worth taking a closer look to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Lake Elsinore on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Lake Elsinore: Lake Elsinore Storm, The Diamond, Lake Elsinore Casino, and Links at Summerly.
Assuming that Lake Elsinore meets all of your requirements, the next most important item to examine is the affordability of real estate in Lake Elsinore. Everything else becomes a lot less important if it turns out that home prices in Lake Elsinore are simply unattainable. Median real estate prices in Lake Elsinore come in at $259,700, which is 36.6% lower than the California average. The home price to income ratio compares the median home prices to the median household income. In Lake Elsinore, the home price to income ratio is 4.1, which is 35.9% lower than the California average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Lake Elsinore area were 6.8% and 5 year appreciation rates were 11.4%.
|Newport Beach, CA||83||34.5||86,813|
|Laguna Woods, CA||83||23.3||16,347|
|Aliso Viejo, CA||82||23.8||50,219|