Thousand Oaks cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexThousand OaksCaliforniaNational
Cost of living index165136100
IndexThousand OaksCaliforniaNational
Goods & Services index105107100
Groceries index106117100
Health care index109109100
Housing index297189100
Transportation index120125100
Utilities index112116100
Displayed above is a general overview of the Thousand Oaks, CA cost of living index. The overall cost of living index in Thousand Oaks, CA is 165, which is 22% higher than the California average and 65% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Thousand Oaks, CA are 1% lower than the California average and 5% higher than the national average.

Did you know?

  • The cost of living in Thousand Oaks is 22% higher than the California average.
  • The cost of living in Thousand Oaks is 65% higher than the national average.
  • The cost of housing in Thousand Oaks is 197% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Compare Thousand Oaks, CA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Thousand Oaks, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Thousand Oaks, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Thousand Oaks, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$114,162$9,514$2,664$3,425
Renters$62,076$5,173$1,448$1,862
If you want to find a good determining factor for the cost of living and the general affordability of housing in Thousand Oaks, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Thousand Oaks, CA, the median monthly income is $114,162 for those who own their own homes. Under the standard rule, that income level would allow for $2,664 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $62,076, per the median income in the area. That would allow for renters to spend up to $1,448 on monthly rental expenses.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
When you are determining the total cost of living in Thousand Oaks, CA you will want to make sure you consider both the California sales tax and the California income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in California is 7.5%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in California have a range from 1% to 12.3%.

Goods & Services

ItemThousand OaksNational avg.Difference
Haircut $18.32$14.5925.5%
Beauty Salon $63.86$34.6884.1%
Toothpaste $2.90$2.4717.3%
Shampoo $1.11$1.028.6%
Movie $14.20$9.8743.9%
Bowling $6.63$4.3951.0%

Groceries

ItemThousand OaksNational avg.Difference
Ground Beef $4.16$4.487.1%
Fried Chicken $1.74$1.4618.8%
Milk $2.62$2.3611.2%
Potatoes $2.99$3.062.3%
Pizza $8.00$9.2413.4%
Beer $9.38$8.638.7%

Health Care

ItemThousand OaksNational avg.Difference
Optometrist $126.07$99.7826.3%
Doctor $97.27$105.037.4%
Dentist $110.00$88.7024.0%
Ibuprofen $12.16$9.4129.2%
Lipitor $280.93$298.505.9%

Housing

ItemThousand OaksNational avg.Difference
Home Price $611,900.00$181,400.00237.3%
Avg. Mortgage Payment $2,080.63$1,081.0392.5%
Apartment Rent $1,814.00$889.00104.0%

Transportation

ItemThousand OaksNational avg.Difference
Gasoline $2.63$2.0925.7%
Tire Balancing $46.96$45.293.7%

Utilities

ItemThousand OaksNational avg.Difference
All Electricity$183.94$170.807.7%
Phone $33.30$28.2617.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Santa Paula, CA29,46112525%
Simi Valley, CA123,94214545%
Casa Conejo, CA3,38114747%
Camarillo, CA64,94414747%
Santa Susana, CA1,19215353%
Thousand Oaks, CA126,57016565%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Los Angeles, CA126,75112121%
Cedar Rapids, IA126,92189-11%
Olathe, KS125,90299-1%
Topeka, KS127,31287-13%
Killeen, TX127,99586-14%
Thousand Oaks, CA126,57016565%
Source: The Thousand Oaks, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.