The estimated annual cost to live in Lake Forest, California, is $119,486. This figure represents the total annual expenditure for an individual or household.
Understanding the Cost of Living in Lake Forest, CA
Living costs in Lake Forest are influenced by various factors, with housing typically being the largest expense. The total annual expenditure includes a breakdown of major categories, providing insight into where money is spent.Here's a detailed look at the annual expenditures:
| Category | Annual Expenditure |
|---|---|
| Housing (Rent / Mortgage) | $33,778 |
| Other Housing | $10,064 |
| Miscellaneous | $30,392 |
| Total Annual Expenditure | $119,486 |
This breakdown indicates that while housing costs are significant, a substantial portion of the total expenditure falls under "Miscellaneous," which can encompass a wide range of expenses such as transportation, food, healthcare, personal care, entertainment, and other goods and services. "Other Housing" costs often include utilities, maintenance, and insurance not covered by the primary rent or mortgage.
For more detailed information, you can refer to cost of living data for Lake Forest, CA.
