Cost of Living in Lennox, CA

With a cost of living index of 140, Lennox, CA is a notably expensive place to live. Living here is 40% more expensive than the national average and 4% below the California state average of 144. Lennox is a smaller community of 20,289 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Lennox's cost of living. The median monthly rent is $1,455 (10% above the US median of $1,319), and the median home value sits at $677,600 (122% above the national median of $304,900). At current prices, the median home costs roughly 11.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Lennox is $60,307, which is 20% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Lennox. The area sees an average annual temperature of 63.6°F, with summers averaging 69°F and winters around 58°F. Annual rainfall totals 12.2 inches spread over roughly 35 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.