Mammoth Lakes is a town in Mono County in California (Sierra Nevada), the county’s only incorporated community. It is located 9 miles (14 km) northwest of Mount Morrison, at an elevation of 7,880 feet (2,400 m). The population is at about 8,000. Mammoth Lakes lies on the edge of the Long Valley Caldera. The area around the town is geologically active, with hot springs and rhyolite domes that are less than 1000 years old. Visitors can take State Route 203 from the town of Mammoth Lakes to the Mammoth Mountain Ski Area, over Minaret Summit, then down to Devils Postpile National Monument, with access to the Ansel Adams Wilderness. In 2004, the Mammoth Ski Museum opened in town. The museum featured many vintage artifacts, photographs, and posters. A movie documenting the life of the founder of the ski resort (Dave McCoy) and those of early famous skiers in the area is shown. In 2010, photographs taken by Dave McCoy were featured in an exhibit at the museum.
The area has natural hot springs which are sometimes used after skiing. Other features include lakes, a soda springs, and an obsidian dome. Mammoth Lakes is north of the Owens Valley, a scenic area with extensive hiking opportunities. The town is surrounded by mountains: on the west, Mammoth Mountain looms over the town, while to the south, the Sherwin Range dominates the view. This hilly terrain and the high altitude makes the area great for high-altitude athletic training, including among elite long-distance runners, who live and train in the thin air. The town is surrounded by acres of forest and is bordered by the Ansel Adams and John Muir Wilderness Areas. The eastern entrance of Yosemite National Park is located 32 miles (51 km) north of town. The town is situated in the southwestern, mountainous part of Mono County.
The Mammoth Lakes real estate market has gone through ups and downs over the past few decades. In 1980, an earthquake with magnitude of 6.1 on the Richter scale sent area property values plummeting on fears of a potential volcanic eruption similar to the 1980 eruption of Mount St. Helens. A huge real estate surplus formed after this, Mammoth Lakes had a total of over 1200 properties on the market. The development of Mammoth Mountain ski area has had a direct effect on housing in more recent years. The tourist market has led to an explosion of property values. This peaked in 2003 when the median property value reached $750,000. Another peak occurred in 2006 with the sale of Mammoth Mountain ski area to Starwood Capital Group.
Mammoth Lakes’ economy is primarily tourism-based. For example, Mammoth Mountain Ski Resort is the top ski destination in California. A 13% tax is added to the rental of any lodging facility and campgrounds for stays of less than a month. There are more than 4,599 rental units in Mammoth Lakes and the lodging industry generates around two-thirds of the Town of Mammoth Lakes gross revenue. As well as the pull from winter extreme sports, Mammoth lakes also benefits greatly from tourism in the summer from people who visit to hike and fish. Mammoth Lakes is home to Mammoth Brewing Company and Black Doubt Brewing Company.
