El Cajon was noted for its vineyards, citrus groves, and tomato farms. When it comes to the city’s living standards, El Cajon is relatively inexpensive when compared to the rest of California; nevertheless, the cost of living in El Cajon is higher than the national average. The cost of living in El Cajon is 44.9 percent more than the national average. Its median household income is $73,911, with a rate of poverty of 19.31%.
When it comes to the additional financing that the government provides to its citizens, payday loans are at an all-time high in El Cajon. Despite their advantages and disadvantages, fast loans are a useful budgeting tool. You may apply for a maximum of $300 in the city, with rapid approval and no paperwork. Payday lenders are not allowed to charge more than $1 for every $5 lent if the loan amount is less than $30. The highest annual percentage rate for a 14-day $100 loan is nearly 460%, while the shortest term is only one month. There are just three easy steps to receive a cash advance; which include: apply, confirm, and credit. Auto-debit is a simple way to settle the debt, but funds must be available when it is due.