Oakley, CA vs Simi Valley, CA

Oakley is moderately more affordable than Simi Valley, with a 13% lower cost of living index. Oakley scores 155 compared to 178 for Simi Valley, where the US average is 100. This difference means residents of Simi Valley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Oakley is $2,031/month compared to $2,513/month in Simi Valley — a 19% difference. Home values follow the same pattern: Oakley is more affordable at $632,800 median vs $753,500.

Median household income in Oakley is $132,067 compared to $117,703 in Simi Valley (+12.2%). Oakley offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Oakley spend roughly 18.5% of their income on rent, less than the 25.6% in Simi Valley.

Climate-wise, Simi Valley is notably warmer with an average of 66.6°F compared to 62°F in Oakley. Oakley receives more rainfall at 16.1" per year compared to 13.4" in Simi Valley.