Cost of Living in Lake Wildwood, CA

With a cost of living index of 153, Lake Wildwood, CA is one of the most expensive cities in the United States. Living here is 53% more expensive than the national average and 9% above the California state average of 144. Lake Wildwood is a small community of 4,967 residents.

Housing costs are the biggest factor in Lake Wildwood's cost of living. The median monthly rent is $2,443 (85% above the US median of $1,319), and the median home value sits at $495,100 (62% above the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Lake Wildwood is $87,552, which is 17% higher than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Lake Wildwood. The area sees an average annual temperature of 62.1°F, with summers averaging 77°F and winters around 48°F. Annual rainfall totals 20.1 inches spread over roughly 63 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.