Canyon Lake, CA

Very High · 186

California · Population 11,107 · Updated March 2026

$2,524
Median Rent / Month
$124,948
Median Income
$647,300
Median Home Value
$2,441
Owner Costs / Month

Affordability

How far your income goes in Canyon Lake

24.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$30,288
Annual Rent
$16,618
State Income Tax
$4,596
Property Tax (est.)

Cost of Living Overview

Canyon Lake has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 186 (where 100 equals the national median), Canyon Lake residents can expect to pay median rent of $2,524/month while earning a median household income of $124,948/year.

The median home value in Canyon Lake, CA is $647,300, with typical monthly owner costs around $2,441 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Canyon Lake.

Frequently Asked Questions

Common questions about living costs in Canyon Lake

What is the cost of living in Canyon Lake, CA?
The cost of living index in Canyon Lake, CA is 186 (US average = 100). Median monthly rent is $2,524, median household income is $124,948/year, and the median home value is $647,300.
Is Canyon Lake, CA affordable?
No, Canyon Lake is more expensive than the national average with a cost index of 186. The rent-to-income ratio is 24.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Canyon Lake, CA?
The median gross rent in Canyon Lake, CA is $2,524 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $30,288.
What is the median household income in Canyon Lake?
The median household income in Canyon Lake, CA is $124,948 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.