Calabasas, CA vs Westlake Village, CA

Calabasas, CA and Westlake Village, CA have a very similar cost of living, with only a 2.9% difference in their overall index. Calabasas scores 252 while Westlake Village scores 245 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Calabasas is $3,070/month compared to $3,501/month in Westlake Village — a 12% difference. Interestingly, home values tell a different story: while Calabasas has cheaper rent, Westlake Village actually has lower median home values ($1,212,800 vs $1,453,900).

Median household income in Calabasas is $157,938 compared to $174,069 in Westlake Village (-9.3%). Westlake Village offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Calabasas spend roughly 23.3% of their income on rent, less than the 24.1% in Westlake Village.