Quick facts: Oakland, CA

Quick Facts

130.5
Cost of Living
above US average
430,553
Population
78.03
Crime Rate per 1000
above US average
$94,389
Median Income
above US average
$510,000
Median House Price
above US average
$2327.38
Average Rent
above US average
13%
Poverty Rate
above US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $94,389.

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Income Needed to Buy

βœ— Stretch
$160k/year
Based on $510,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $94,389
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Income Needed to Rent

⚠ Stretch
$100k/year
Based on $2327.38/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $100k vs median $94,389
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oakland, CA

Oakland, California, is a vibrant city located in the San Francisco Bay Area. Known for its diverse cultural scene and rich history, Oakland boasts a population of around 440,000 residents. It serves as a major port city and has significant economic contributions through its shipping and logistics industries. The city is home to a variety of neighborhoods, each with its unique character. Uptown is known for its arts and entertainment, with numerous galleries, theaters, and restaurants. The historic Jack London Square area offers waterfront dining and events, making it a popular spot for locals and visitors alike. Oakland is also celebrated for its parks and natural beauty, including the expansive Joaquin Miller Park and the stunning views from the Oakland Hills. The city takes pride in its strong community spirit and activism, reflected in its rich history of social movements. Additionally, Oakland has a robust sports culture, being home to professional teams like the Oakland Athletics (MLB) and the Golden State Warriors (NBA), showcasing the city's passionate fanbase. With its blend of urban and natural attractions, Oakland stands out as a dynamic place to live, work, and visit.

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