Is Canyon Lake an expensive place to live?
The cost of living index is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
1,721/6,050 cities in the US
362/449 cities in California
Cost of Living compared to National Average
The ranking of cities is based on every single city in the United States
362/449 cities in California
Cost of Living compared to California
This is based on every single city in California
Cost of Living Comparison Calculator
Use our cost of living calculator to compare the cost of living between different locations and utilize our cost of living information to research living expenses in various areas.
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Assumptions Used to Calculate the Average Cost of Living in Canyon Lake:
House SizeTwo Bedroom AptEdit
Ownership vs. RentRentEdit
The crime rate in Canyon Lake is 0.79%. Crime rate is calculated by dividing the number of reported crimes by the total population.
The violent crime rate in Canyon Lake is 0.12%. Violent crime rate is calculated by dividing the number of reported violent crimes (murder, robbery, and assault) by the total population.
The property crime rate in Canyon Lake is 0.68%. Property crime rate is calculated by dividing the number of reported property crimes (burglary, larceny, motor vehicle theft, and arson) by the total population.
*The US National numbers are adjusted to be equivalent to Canyon Lake's population of 11,238.
Description: Canyon Lake is a city and gated community in Riverside County, California, United States, located on Canyon Lake reservoir. Canyon Lake began as a master-planned community developed by the Corona Land Company in 1968. The City of Canyon Lake was incorporated on December 1, 1990. Railroad Canyon Dam was built in 1927, and impounds the San Jacinto River to fill the reservoir, which...
How expensive is it to live in Canyon Lake?
Based on our Canyon Lake cost of living calculator, Canyon Lake is 10% more expensive than the national average and 21% less expensive to live in than the average city in California. This assumes a $72,000 annual salary and a 2 Bedroom Apt. Food costs in Canyon Lake are less affordable than average in the United States. Transportations costs in Canyon Lake are less affordable than average in the United States. Housing costs in Canyon Lake are less affordable than average in the United States. Health care costs in Canyon Lake are less affordable than the US average.
What does it cost to move to Canyon Lake?
The cost of moving to Canyon Lake depends on a lot of factors. The biggest factor is the difference in cost of living between the two locations, which can be determined using
ERI's cost of living calculator. The other major factor is the distance between the two locations.
What is a cost of living index?
A cost of living index is a broad measurement of the cost of different expenses expected by the average person living in a certain location. Some of the categories tracked include health care costs, transportation, housing, groceries, and more. These numbers are tracked in specific locations to gauge how much it costs to live in a certain area over time.
Another good way to interpret this general number is to ask the question, "How many goods and/or services does a specific amount of money purchase in a given location?" An easy example would be that $100 goes further in Reno, Nevada, than it does in San Francisco, California. The goods and services tracked are need-based, meaning entertainment and other incurred expenses not required to live in a certain area are not tracked.
The main purpose of a cost of living index is to help a person quickly decide if moving from one location to another will increase or decrease quality of life.
How did we calculate our cost of living index?
Cost of living data are derived from ERI's cost of living surveys and web digitization of public domain records. Data are comprised of health care, transportation, housing, and grocery costs, which are then averaged out across the county. On the graphs above, the "0" represents the country’s average. The percentage can either be lower, expressed by a negative number, or higher than the national average, expressed by a positive number. The important part to remember is the locations are compared to an average of other locations.
What is cost of labor?
Cost of labor may sound like cost of living, but it refers to the price of labor as opposed to the cost to living in a location. Cost of labor refers to all the upfront costs that an employer must pay when hiring work from a particular area. This factors in costs such as the payroll taxes and required benefits when hiring from a particular location. This number is displayed as a percent average higher or lower than the national average. To see the cost of labor data for a particular location, please fill out this
quote form with your location of interest.