Oak Park, CA Economy


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Oak Park, CA is a vibrant community located in Los Angeles County. It offers residents a great quality of life, with plenty of outdoor activities to enjoy alongside excellent job opportunities. The two bedroom rental cost in Oak Park is $3,220 which is much higher than the national average of $1,430 but still within reach for many people due to the high salaries offered by local companies like Northrop Grumman Corporation and Kaiser Permanente. The Grocery Cost Index in Oak Park is also significantly higher than the US average of 100 at 111, making it a great place for those looking for value when purchasing food and groceries. \nLiving in Oak Park offers residents an amazing combination of natural beauty, economic opportunity, and cultural enrichment. With its close proximity to downtown Los Angeles and sunny climate, there's something for everyone whether you're looking for a career or just want to enjoy the scenery. With its extensive parks system and affordable housing options, Oak Park provides an ideal place to live for those seeking an affordable lifestyle while still enjoying all that this vibrant city has to offer.

Oak Park has an unemployment rate of 6.4%. The US average is 6.0%.

Oak Park has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for Oak Park
- The Sales Tax Rate for Oak Park is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oak Park is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Oak Park
- The average income of a Oak Park resident is $57,470 a year. The US average is $28,555 a year.
- The Median household income of a Oak Park resident is $143,153 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Park, CaliforniaUnited States
  6.46
  -7.9%-6.2%
  27.7%33.5%
  7.3%6.2%
  8.0%4.6%
  $71,890$37,638
  $143,153$69,021
  $170,395$85,028
  Population by Occupation
  0.0%1.2%
  0.7%0.5%
  1.5%6.8%
  8.0%10.0%
  3.0%2.5%
  11.2%11.0%
  1.0%4.8%
  0.5%0.8%
  5.1%1.9%
  9.0%4.7%
  6.5%1.9%
  18.8%7.6%
  0.0%0.1%
  3.7%4.2%
  8.5%9.3%
  8.9%14.0%
  4.4%2.1%
  2.4%7.0%
  3.1%4.8%
  3.8%4.7%
Reviews for Oak Park
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Over 14 years ago

We have lived in Oak Park for approximately 17 years. The schools are great, the community is great, we like it here. However, the cost of living in CA is high, as are  More

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Over 16 years ago

The crime rate reported for this area cannot be correct. It is as safe as neighboring Agoura Hills, Thousand Oaks, and Westlake  More

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Over 17 years ago

Oak Park, CA, offers a great quality of life for the LA area. It's close to Malibu and Ventura beaches, convenient to activities in and around LA, has one of the best  More

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