Cost of Living in Thousand Oaks, CA

Population 125,676 · California · Data vintage 2023

266
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Thousand Oaks's housing market reflects its status as a high-earning metro: $951,000 for a typical home, 212% above the US median, paired with household incomes around $134,367 that put it in the upper third of the state.

Cost Overview

Housing 312
Rent 196

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Thousand Oaks

The median home value in Thousand Oaks is $951,200 — 212% above the national median of $305,000. Median rent runs $2,580/month, 96% higher than the national median of $1,314/month. The median household income of $134,367/year is 80% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Thousand Oaks has a cost of living index of 266 versus the US average of 100, meaning it is 166% more expensive.

🏠 Housing

Median Home Value
$951,200
212% above avg
Zillow Home Value
$1,028,112
Zillow ZHVI
Median Rent
$2,580/mo
96% above avg
Zillow Rent
$3,371/mo
Zillow ZORI
Price-to-Rent Ratio
30.7x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,195
1 BR
$1,241
2 BR
$1,544
3 BR
$2,163
4 BR
$2,556
Owner-occupied 70.1%
Renter-occupied 29.9%

💰 Estimated Monthly Budget

Rent median rent
$2,580
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,194/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.0 min
0% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.2%

Commute Mode

Drove alone
66.9%
Carpooled
7.7%
Public transit
0.6%
Walked
1.8%
Bicycle
0.4%
Work from home
21.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 13.3%
Total Sales Tax 8.7%
State rate 7.3%
Avg local rate 1.4%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$134,367
80% above avg
Per Capita Income
$64,448
Unemployment Rate
5.0%
3% above avg
Poverty Rate
8.0%
Labor Force Participation
62.6%

🎓 Education

Bachelor's degree+ 29.5%
Graduate degree 21.4%

👥 Demographics

Median Age 44.5
Male median age 42.5
Female median age 46.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
60.3%
Good air days/yr
136
Max AQI recorded
121
PM2.5 days
239
Ozone days

Frequently Asked Questions

What is the cost of living in Thousand Oaks, CA?

Thousand Oaks has a cost index of 266 (100 = national average). It is 166% above the national average.

What is average rent in Thousand Oaks, CA?

The median gross rent in Thousand Oaks is $2,580 per month based on 2023 Census data.

What is the average home price in Thousand Oaks?

The median home value in Thousand Oaks is $951,200 according to Zillow and Census data.

What is the median income in Thousand Oaks?

The median household income in Thousand Oaks is $134,367 per year (2023 ACS 5-year estimates).

What is the sales tax in Thousand Oaks, CA?

The combined state and local sales tax rate in Thousand Oaks is 8.7%. The California state income tax top rate is 13.3%.

Is Thousand Oaks, CA affordable?

Thousand Oaks is above average in cost of living, with an index of 266 — about 166% higher than the national average.

Thousand Oaks at a Glance

Population
125,676
Median Income
$134,367
Home Value
$951,200
Median Rent
$2,580/mo
Unemployment
5.0%
Sales Tax
8.7%
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🗺️ County data for California

Explore county-level cost of living data

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