Cost of Living in Phoenix Lake, CA

With a cost of living index of 128, Phoenix Lake, CA is a notably expensive place to live. Living here is 28% more expensive than the national average and 16% below the California state average of 144. Phoenix Lake is a small community of 4,505 residents.

Housing costs are the biggest factor in Phoenix Lake's cost of living. The median monthly rent is $1,724 (31% above the US median of $1,319), and the median home value sits at $455,000 (49% above the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Phoenix Lake is $78,750, which is 5% higher than the national median of $75,149. Residents spend roughly 26% 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 Phoenix Lake. The area sees an average annual temperature of 49.5°F, with summers averaging 65°F and winters around 37°F. Annual rainfall totals 40.4 inches spread over roughly 71 days.

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.