Housing costs in Oakland?
A typical home costs
$1,445,000, which is 327.4% more expensive than the national average of
$338,100 and 97.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Oakland costs
$2,320 per month, which is 7.9% more than the national average of
$2,150 and 17.2% cheaper than the state average of
$2,720.
Can I afford Oakland?
To live comfortably in Oakland (zip 94611), California, a minimum annual income of
$276,840 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in the 94611 zip code of Oakland, CA is higher than the national average. The median home value in this area is $388,500 and the median rent for a two-bedroom unit is $2,100 per month. The median household income is slightly lower than the national average at around $54,000, however this number varies largely depending on which neighborhood you are located in. While some areas offer more affordable housing options to those with lower incomes, other parts of Oakland can be quite expensive and may require a higher salary to afford the rental prices. In addition to housing costs, other necessities such as food and transportation are also priced higher than the national norm.