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Cost of Living in Thousand Oaks, CA

Population 125,205 · Census ACS 2020–2024 5-year estimates

Median rent$2,664
Median home value$991,600
Median household income$135,603

The median rent in Thousand Oaks, CA is $2,664/month, 31% higher than the California median and 89% higher than the U.S. median. The median home value is $991,600, 198% higher than the national median. Households earn a median of $135,603 a year, 37% higher than the state median.

Affordability

Rent as a share of median income: 23.6%
Income needed for median rent (30% rule): $106,560/yr
Home price-to-income ratio: 7.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $5,014/mo

Run your own numbers: mortgage calculator · hourly to salary

Thousand Oaks vs. California vs. U.S.

Thousand OaksCaliforniaU.S.
Median rent$2,664$2,036$1,413
Median home value$991,600$734,700$332,700
Median household income$135,603$99,122$80,734
Homeownership rate70.8%55.9%65.2%
Bachelor's degree or higher51.4%37.1%35.7%
Poverty rate8.9%12.0%12.5%
Unemployment rate5.4%6.6%5.2%
Work from home24.3%17.2%15.1%
Median age44.937.938.9

FAQ

What is the average rent in Thousand Oaks, CA?

The median gross rent in Thousand Oaks, CA is $2,664 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Thousand Oaks, CA?

Using the common 30% rule, renting a median-priced home takes about $106,560 a year in gross income.

Is Thousand Oaks, CA expensive to live in?

Rent there is 89% higher than the U.S. median, and the median home costs about 7.3 times the median household income.

Other cities in California

Los Angeles, CARent $1,933 · Income $81,939San Diego, CARent $2,313 · Income $108,077San Jose, CARent $2,669 · Income $146,427San Francisco, CARent $2,476 · Income $140,970Fresno, CARent $1,421 · Income $70,991Sacramento, CARent $1,779 · Income $87,321

Cities with a similar cost of living

Cooper City, FLRent $2,648 · Income $132,319Ewa Gentry, HIRent $2,580 · Income $135,684Hauppauge, NYRent $2,646 · Income $141,378Lorton, VARent $2,548 · Income $138,685Fort Washington, MDRent $2,690 · Income $143,333Melissa, TXRent $2,532 · Income $138,763

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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