Cost of Living in Oak Park, CA

With a cost of living index of 219, Oak Park, CA is one of the most expensive cities in the United States. Living here is 119% more expensive than the national average and 75% above the California state average of 144. Oak Park is a smaller community of 13,656 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Oak Park's cost of living. The median monthly rent is $3,150 (139% above the US median of $1,319), and the median home value sits at $1,017,100 (234% above the national median of $304,900). At current prices, the median home costs roughly 6.3x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Oak Park is $160,484, which is 114% higher than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Oak Park. The area sees an average annual temperature of 66.6°F, with summers averaging 76°F and winters around 57°F. Annual rainfall totals 13.4 inches spread over roughly 34 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Oxnard-Thousand Oaks-Ventura, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.