F
50%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
134%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Oakley California National
Cost of living150140100
Goods & Services108111100
Groceries107112100
Health care102109100
Housing234196100
Transportation122126100
Utilities142127100

An Overview of Cost of Living in Oakley, CA

Knowing the cost of living in Oakley allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Oakley stands at 150, marking it 50% higher than the national average.

If you value affordability in your search for a new place to live, Oakley may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Oakley falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in Oakley, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 134% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Oakley?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Oakley. The results indicated that 14% found it reasonably priced with decreasing prices of goods and services, while 86% viewed it as quite expensive, with increasing prices.

Is Oakley Affordable?

Is Oakley affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Oakley, the median home price is 154% higher than the national average and monthly rent prices are 87.5% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Oakley boasting a median household income of $103,552, 87.2% higher than the national average.

What Factors can Influence the Cost of Living in Oakley?

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Oakley, the housing index stands at 134% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Oakley, healthcare costs are 2.4% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Oakley, the utilities index registers 41.9% higher than the national average.

Where is the Data From?

The Oakley cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Oakley is 8% higher than the California average
  • The cost of living in Oakley is 50% higher than the national average
  • Oakley housing is 134% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Oakley

See all the best places to live around Oakley

Compare Oakley, CA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$116,511$9,709$2,718$3,496
      Renters$77,904$6,492$1,818$2,337
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oakley, CA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Oakley, homeowners have a median income of $116,511. Using that number, a maximum of $2,718 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $77,904, which means there is a maximum of $1,818 to be spent on the costs of renting a home or apartment.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 13.3%

      Goods & Services

      Item Oakley National avg. Difference
      Haircut $23.42$24.263.5%
      Beauty Salon $49.62$45.568.9%
      Toothpaste $3.64$3.701.6%
      Shampoo $1.50$1.2817.0%
      Movie $13.61$12.1312.2%
      Bowling $22.34$18.0024.1%

      Groceries

      Item Oakley National avg. Difference
      Ground Beef $6.24$5.846.9%
      Fried Chicken $2.10$1.5733.8%
      Milk $4.83$4.673.5%
      Potatoes $4.43$4.9310.3%
      Pizza $16.78$12.0938.8%
      Beer $10.08$10.413.2%

      Health Care

      Item Oakley National avg. Difference
      Optometrist $138.22$125.6810.0%
      Doctor $134.39$135.781.0%
      Dentist $117.52$113.293.7%
      Ibuprofen $10.68$10.650.3%
      Lipitor $494.99$468.605.6%

      Housing

      Item Oakley National avg. Difference
      Home Price $469,100.00$184,700.00154.0%
      Avg. Mortgage Payment $3,173.44$2,346.6935.2%
      Apartment Rent $1,779.00$949.0087.5%

      Transportation

      Item Oakley National avg. Difference
      Gasoline $4.21$3.4621.5%
      Tire Balancing $73.10$59.9222.0%

      Utilities

      Item Oakley National avg. Difference
      All Electricity $327.22$193.9968.7%
      Phone $189.16$192.251.6%
      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 Population Cost of Living Index National Avg.
      Isleton, CA49511111.2%
      Terminous, CA40011515.3%
      Bethel Island, CA2,01512828.2%
      Bay Point, CA25,37813736.8%
      Rio Vista, CA9,40713535.5%
      Oakley, CA41,65615050.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Westfield, IN41,65211211.5%
      La Quinta, CA41,65013939.2%
      Huntsville, TX41,664946.1%
      Mableton, GA41,6471043.7%
      Puyallup, WA41,66613333.2%
      Oakley, CA41,65615050.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.