Housing costs in Oakland?
A typical home costs
$1,046,100, which is 209.4% more expensive than the national average of
$338,100 and 42.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Oakland costs
$2,090 per month, which is 2.8% cheaper than the national average of
$2,150 and 30.1% cheaper than the state average of
$2,720.
Can I afford Oakland?
To live comfortably in Oakland (zip 94602), California, a minimum annual income of
$200,520 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in Oakland, CA (94602) is 211.2, which is more than twice the US average of 100. This high cost of living can be attributed to the high house median value in the same area, which is $1.0461e+006 - more than three times the national average house value of $338,100. Clearly, living in Oakland requires a significantly higher income to maintain standards of living similar to most other parts of the country.