Quick facts: Oakley, CA

Quick Facts

110.3
Cost of Living
above US average
44,688
Population
12.33
Crime Rate per 1000
below US average
$120,915
Median Income
above US average
$699,999
Median House Price
above US average
$2808.33
Average Rent
above US average
7%
Poverty Rate
below US average
5.6%
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 $120,915.

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Income Needed to Buy

βœ— Stretch
$220k/year
Based on $699,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $220k vs median $120,915
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Income Needed to Rent

βœ“ Affordable
$120k/year
Based on $2808.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($120,915) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oakley, CA

Oakley is a charming city located in Contra Costa County, California. Nestled in the heart of the San Francisco Bay Area, it offers a unique blend of suburban living and rural charm. Established in the late 19th century, Oakley has grown significantly, focusing on community development and maintaining a small-town feel. The city is known for its picturesque landscapes, including parks and recreational areas such as the Big Break Regional Shoreline, which borders the Delta. Oakley has a growing population and a family-friendly atmosphere, making it a popular choice for those seeking tranquility while remaining close to urban conveniences. The city’s economy is diverse, with local businesses and agriculture playing significant roles. Residents enjoy a variety of amenities, including shopping centers, schools, and community events throughout the year. The climate is Mediterranean, characterized by warm, dry summers and mild, wet winters. This weather allows for outdoor activities year-round, contributing to a vibrant community spirit. Overall, Oakley presents an inviting atmosphere for residents and visitors alike, blending the beauty of nature with modern living.

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