Oakley is a medium-sized city located in the state of California. The city has a population of 38,968 residents. More than a quarter of the residents of Oakley identify themselves as Hispanic or Latino, and 24% of the population speak Spanish as their primary or secondary language. If you are looking for a family friendly city, Oakley might be a good fit as 74% of the population over 15 years old are married, and 47% have kids who are 18 years old or younger.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a good experience if you are willing to get to know the area before actually living in Oakley, California. With useful information like amenities, cost of living, weather, employment, housing and other key data points, finding the best places to live in Oakley and in the areas around Oakley is a much easier task.
With a livability score of 65 out of 100, Oakley is ranked #18,002 in the United States and #682 in California. Based on the rankings for each individual category, Oakley has received high marks for crime (A+) and weather (B+). On a less positive note, Oakley does not have favorable grades for the following: cost of living (F) and education (F). If we take a look at the data, we can find out why.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 125 crimes per 100,000 residents, Oakley has a violent crime rate that is far below the national average.
Assuming that Oakley meets all of your requirements, the next most important item to examine is the affordability of real estate in Oakley. Everything else becomes a lot less important if it turns out that home prices in Oakley are simply unattainable. The median home price for Oakley homes is $324,000, which is 20.8% lower than the California average. If we take a closer look at the affordability of homes in Oakley, we’ll see that the home price to income ratio is 3.9, which is 39.1% lower than the California average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Oakley were 7.8%, and the 5 year appreciation rates came in at 14.4%.