Lake Elsinore is a larger medium-sized city located in the state of California. With a population of 71,898 people and 14 associated neighborhoods, Lake Elsinore is the 127th largest community in California. Lake Elsinore has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Lake Elsinore, where the median household income is $89,788.00.

Housing costs in Lake Elsinore are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

One downside of living in Lake Elsinore is that it can take a long time to commute to work. In Lake Elsinore, the average commute to work is 38.53 minutes, which is quite a bit higher than the national average.

The education level of Lake Elsinore citizens is a little higher than the average for US cities and towns: 22.43% of adults in Lake Elsinore have at least a bachelor's degree.

The per capita income in Lake Elsinore in 2018 was $32,792, which is lower middle income relative to California, and middle income relative to the rest of the US. This equates to an annual income of $131,168 for a family of four. However, Lake Elsinore contains both very wealthy and poor people as well.

Lake Elsinore is an extremely ethnically-diverse city. The people who call Lake Elsinore home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Lake Elsinore, accounting for 52.28% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Lake Elsinore residents report their race to be White, followed by Asian. Important ancestries of people in Lake Elsinore include German, Irish, English, Italian, and Polish.

Foreign born people are also an important part of Lake Elsinore's cultural character, accounting for 21.91% of the city’s population.

The most common language spoken in Lake Elsinore is English. Other important languages spoken here include Spanish and Tagalog.