Cost of Living in Canyon Lake, CA
Population 11,107 · California · Data vintage 2023
(100 = US avg)
Canyon Lake's housing market reflects its status as a high-earning metro: $647,000 for a typical home, 112% above the US median, paired with household incomes around $124,948 that put it in the upper third of the state.
Located 5 miles west of Menifee, Canyon Lake falls within that metro's commuting orbit. Median home values run roughly 33% higher than Menifee's $487,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Canyon Lake
The median home value in Canyon Lake is $647,300 — 112% above the national median of $305,000. Median rent runs $2,524/month, 92% higher than the national median of $1,314/month. The median household income of $124,948/year is 68% higher than the US median of $74,580. The local unemployment rate is 4.2%, below the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Canyon Lake has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Canyon Lake, CA?
Canyon Lake has a cost index of 204 (100 = national average). It is 104% above the national average.
What is average rent in Canyon Lake, CA?
The median gross rent in Canyon Lake is $2,524 per month based on 2023 Census data.
What is the average home price in Canyon Lake?
The median home value in Canyon Lake is $647,300 according to Zillow and Census data.
What is the median income in Canyon Lake?
The median household income in Canyon Lake is $124,948 per year (2023 ACS 5-year estimates).
What is the sales tax in Canyon Lake, CA?
The combined state and local sales tax rate in Canyon Lake is 8.7%. The California state income tax top rate is 13.3%.
Is Canyon Lake, CA affordable?
Canyon Lake is above average in cost of living, with an index of 204 — about 104% higher than the national average.
Canyon Lake at a Glance
- Population
- 11,107
- Median Income
- $124,948
- Home Value
- $647,300
- Median Rent
- $2,524/mo
- Unemployment
- 4.2%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
California Rankings
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