D
14%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Lake Los Angeles California National
Cost of living114140100
Goods & Services116111100
Groceries112112100
Health care108109100
Housing111196100
Transportation124126100
Utilities112127100

An Overview of Cost of Living in Lake Los Angeles, CA

The cost of living in Lake Los Angeles affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Lake Los Angeles is 114, which is 14% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Lake Los Angeles, you can expect to pay 16.2% more than average for these items, making it a more expensive place to live.

The relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Lake Los Angeles is no exception, where grocery prices are 12.2% above the national average.

Is Lake Los Angeles Affordable?

Is Lake Los Angeles an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Lake Los Angeles, the median home price is 7.2% higher than what most folks pay across the country, and monthly rent prices are 20.9% higher than the usual rates. Income levels in Lake Los Angeles come in at $47,726, which is 13.7% lower than the national average.

What Factors can Influence the Cost of Living in Lake Los Angeles?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Lake Los Angeles, the housing index is 11.3% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Lake Los Angeles, healthcare costs are 7.9% higher than the national average.

Where is the Data From?

The Lake Los Angeles cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Lake Los Angeles is 18% lower than the California average
  • The cost of living in Lake Los Angeles is 14% higher than the national average
  • Lake Los Angeles housing is 11% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Lake Los Angeles

See all the best places to live around Lake Los Angeles

Compare Lake Los Angeles, CA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$51,377$4,281$1,199$1,541
      Renters$38,317$3,193$894$1,150
      The affordability of the housing market in Lake Los Angeles, CA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lake Los Angeles homeowners, the median income is $51,377. This indicates that a monthly maximum of $1,199 should be spent by homeowners on all housing related costs. Renters have a median income of $38,317. This indicates that renters would have a maximum of $894 for their rent related monthly costs.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 13.3%

      Goods & Services

      Item Lake Los Angeles National avg. Difference
      Haircut $24.67$24.261.7%
      Beauty Salon $49.33$45.568.3%
      Toothpaste $3.76$3.701.5%
      Shampoo $1.41$1.289.8%
      Movie $13.46$12.1311.0%
      Bowling $19.07$18.006.0%

      Groceries

      Item Lake Los Angeles National avg. Difference
      Ground Beef $6.26$5.847.2%
      Fried Chicken $2.08$1.5732.2%
      Milk $4.76$4.671.9%
      Potatoes $4.94$4.930.2%
      Pizza $16.13$12.0933.5%
      Beer $9.60$10.417.8%

      Health Care

      Item Lake Los Angeles National avg. Difference
      Optometrist $129.09$125.682.7%
      Doctor $119.86$135.7811.7%
      Dentist $108.07$113.294.6%
      Ibuprofen $10.36$10.652.7%
      Lipitor $505.41$468.607.9%

      Housing

      Item Lake Los Angeles National avg. Difference
      Home Price $198,000.00$184,700.007.2%
      Avg. Mortgage Payment $2,799.02$2,346.6919.3%
      Apartment Rent $1,147.00$949.0020.9%

      Transportation

      Item Lake Los Angeles National avg. Difference
      Gasoline $4.47$3.4629.3%
      Tire Balancing $58.33$59.922.6%

      Utilities

      Item Lake Los Angeles National avg. Difference
      All Electricity $326.49$193.9968.3%
      Phone $182.78$192.254.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sun Village, CA14,08012020.1%
      Littlerock, CA94812121.3%
      Phelan, CA19,03812222.3%
      Piñon Hills, CA6,93712322.7%
      Lake Los Angeles, CA11,92611414.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Healdsburg, CA11,92419595.0%
      Rossmoor, CA11,923219118.7%
      Dranesville, VA11,92917171.0%
      Myrtle Grove, NC11,92111414.0%
      Union, MO11,931919.4%
      Lake Los Angeles, CA11,92611414.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.