Cost of Living in Lake County, California

$1,292/mo
Median Monthly Rent
$316,800
Median Home Value

At a Glance

Median Monthly Rent
$1,292/mo
20% below state average
Median Home Value
$316,800
12% above national
Rent-to-Income Ratio
33.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Lake County Compares

Median monthly rent comparison

Lake County$1,292/mo
California Average$1,618/mo
National Median$1,163/mo

Detailed Housing Stats

$1,292/mo
Median Gross Rent
$316,800
Median Home Value
$1,183/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lake County ranks #3,017 of 3,144 counties for affordability (bottom 4%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lake County, California

Lake renters spend more than US average

Lake County's rent-to-income ratio of 26.4% exceeds the national baseline, meaning renters here dedicate more of their earnings to housing than their peers across America. With a median household income of $58,738—well below the national median of $74,755—Lake residents face tighter budgets despite rent that's 20% cheaper than California's average of $1,618 per month.

Lake ranks below state average on affordability

Among California's 58 counties, Lake's 26.4% rent-to-income ratio falls above the state average of 22.4%, signaling housing stress relative to peers statewide. The county's median rent of $1,292 offers some relief compared to coastal and Bay Area counterparts, but local income levels keep affordability challenges in place.

Lake sits between rural and urban pressures

Lake's rent of $1,292 falls between more affordable Lassen County ($1,043) to the northeast and pricier Mendocino County ($1,325) to the west. However, Lake's median income trails both neighbors, making its housing burden proportionally heavier despite moderate nominal rents.

Housing absorbs over one-quarter of income

Lake County renters spend $1,292 monthly on rent while homeowners carry $1,183 in monthly ownership costs, yet both groups contend with a median household income of just $58,738. Nearly 26% of Lake household income flows to rent alone, leaving limited resources for other essentials.

Consider Lake if seeking affordable rural living

Lake County offers some of California's lower nominal rents and home values ($316,800 median), making it worth comparing if you're relocating from high-cost coastal counties. However, prospective movers should verify employment opportunities locally, as the area's lower median income suggests a tighter job market than state averages.

Cost of Living Advisory: Lake County

Affordability Verdict

Lake County offers moderately affordable rental housing at a median of $1,292/month — about 26.4% of the typical household income here.

Rent vs. Own

At $1,292/month rent versus $1,183/month in owner costs, owning is roughly $109/month cheaper — a 8% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $51,680/year. For owner costs at the 28% rule, the required income is roughly $50,700/year. With a median household income of $58,738, most households can comfortably afford rent here. Notably, 33.0% of renter households in Lake County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within California, Lake County is more affordable than Kings County by roughly 5% ($1,292/mo vs $1,228/mo).

Affordability Calculator

See how your income compares to housing costs in Lake County

$

Rent Burden

26.4%

of gross income

Max Housing (28% Rule)

$1,371

per month

Owner Cost Burden

24.2%

of gross income

The median home in Lake County may be a stretch

Median home value is $316,800. Estimated monthly cost: $2,529 vs. your max of $1,371.

Rent Affordability Guide

Your rent-to-income ratio26.4%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,738Needed: $51,680
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,738Needed: $50,700
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $58,738Needed: $73,728

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Lake County, California?
Lake County, California has a median monthly rent of $1,292/mo and a median home value of $316,800. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Lake County?
The median gross rent in Lake County is $1,292/mo. This is 20% below state average for California.
Is Lake County affordable?
Lake County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lake County's rent compare to the state average?
Lake County's median rent of $1,292/mo is 20% below state average of $1,618/mo for California.
What is the median home value in Lake County?
The median home value in Lake County, California is $316,800. This is 12% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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