F
26%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
62%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Oakdale California National
Cost of living126140100
Goods & Services104111100
Groceries104112100
Health care96109100
Housing162196100
Transportation120126100
Utilities140127100

An Overview of Cost of Living in Oakdale, CA

The cost of living in Oakdale affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Oakdale is 126, which is 26% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you're in pursuit of an economical living environment, Oakdale may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Oakdale falls within this bracket.

Housing costs are a very significant part of the Oakdale cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 62.3% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Oakdale Affordable?

Wondering if Oakdale is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Oakdale, for example, the median home price is 80.3% higher than what folks pay nationally, and monthly rent is 20.3% higher than the usual rates. Plus, income levels matter too, with Oakdale boasting a median household income of $67,459, which is 21.9% higher than the national average.

What Factors can Influence the Cost of Living in Oakdale?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Oakdale, the groceries index is 3.5% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Oakdale, the healthcare costs are 4.1% lower than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The Oakdale cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Oakdale Area
Search Homes for Sale in Oakdale, CA

Cost Of Living Quick Facts

  • The cost of living in Oakdale is 10% lower than the California average
  • The cost of living in Oakdale is 26% higher than the national average
  • Oakdale housing is 62% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Oakdale

See all the best places to live around Oakdale

Compare Oakdale, CA Cost of Living

      vs
      How would you rate the cost of living in Oakdale?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Oakdale?
      Write a review to give others more information about this area.
      See all Oakdale poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,568$7,047$1,973$2,537
      Renters$39,393$3,283$919$1,182
      The affordability of the housing market in Oakdale, CA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Oakdale homeowners, the median income is $84,568. This indicates that a monthly maximum of $1,973 should be spent by homeowners on all housing related costs. Renters have a median income of $39,393. This indicates that renters would have a maximum of $919 for their rent related monthly costs.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 13.3%

      Goods & Services

      Item Oakdale National avg. Difference
      Haircut $26.83$24.2610.6%
      Beauty Salon $76.57$45.5668.0%
      Toothpaste $3.86$3.704.3%
      Shampoo $1.56$1.2821.9%
      Movie $14.64$12.1320.6%
      Bowling $23.78$18.0032.1%

      Groceries

      Item Oakdale National avg. Difference
      Ground Beef $6.21$5.846.3%
      Fried Chicken $2.10$1.5733.7%
      Milk $4.99$4.676.9%
      Potatoes $4.98$4.930.9%
      Pizza $15.69$12.0929.8%
      Beer $10.96$10.415.3%

      Health Care

      Item Oakdale National avg. Difference
      Optometrist $157.88$125.6825.6%
      Doctor $166.71$135.7822.8%
      Dentist $148.27$113.2930.9%
      Ibuprofen $11.69$10.659.8%
      Lipitor $498.45$468.606.4%

      Housing

      Item Oakdale National avg. Difference
      Home Price $333,100.00$184,700.0080.3%
      Avg. Mortgage Payment $4,545.90$2,346.6993.7%
      Apartment Rent $1,142.00$949.0020.3%

      Transportation

      Item Oakdale National avg. Difference
      Gasoline $4.63$3.4633.9%
      Tire Balancing $70.51$59.9217.7%

      Utilities

      Item Oakdale National avg. Difference
      All Electricity $299.78$193.9954.5%
      Phone $191.56$192.250.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Farmington, CA16911414.2%
      Cowan, CA47211110.7%
      Parklawn, CA1,8441043.6%
      Airport, CA1,2761055.2%
      Bret Harte, CA5,0201055.3%
      Oakdale, CA22,93212626.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Jenks, OK22,9331033.1%
      Morton Grove, IL22,93712929.0%
      Crystal, MN22,9371022.1%
      Kingston, NY22,9541033.4%
      Webster Groves, MO22,90611312.7%
      Oakdale, CA22,93212626.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.