Cost of Living in Oakland, CA
Housing
The housing market plays a significant role in determining the cost of living in Oakland, CA.
- Housing Index: 140.0 / 100
- Median Home Price is: $932,300
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2900 per month
Considering a move to Oakland, CA? With a population of , the area boasts a median age of , indicating a balanced community blend of youth and experience. The median income stands at , which is promising, though the poverty level at may raise some concerns. Additionally, a 5.0% unemployment rate suggests a reasonably stable job market. Notably, 34% of families are married, reflecting a community-oriented environment. Weigh these factors alongside your personal priorities to determine if Oakland is the right fit for you.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oakland, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Oakland, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Oakland is a financially viable option for your relocation.