Cost of Living: Lake Elsinore, CA vs Montgomery Village, MD
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $3,974/mo in Lake Elsinore, CA versus $4,224/mo in Montgomery Village, MD. In the model, rent is about 27.91% of gross in Lake Elsinore, CA versus 27.45% in Montgomery Village, MD, so Montgomery Village, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lake Elsinore, CA and Montgomery Village, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Montgomery Village, MD
- Lower rent (median 1BR/2BR): Montgomery Village, MD
- Lower home prices: Montgomery Village, MD
- Higher median household income: Lake Elsinore, CA
Cost of Living Index
Lake Elsinore, CA: 100 (U.S. = 100) · Montgomery Village, MD: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Lake Elsinore, CA: $1,820/mo (midpoint of 1BR/2BR) · Montgomery Village, MD: $1,789/mo
Median rent in Lake Elsinore, CA is $31/mo higher than in Montgomery Village, MD.
Median Home Price
Lake Elsinore, CA: $505,700 · Montgomery Village, MD: $367,100
Median home price in Lake Elsinore, CA is $138,600 higher than in Montgomery Village, MD.
Median Household Income
Lake Elsinore, CA: $96,527 · Montgomery Village, MD: $96,487
Lake Elsinore, CA has a higher median household income than Montgomery Village, MD by $40.
Lake Elsinore, CA overview · Montgomery Village, MD overview · Popular comparisons