Living here
Cost of living in Simi Valley
Housing is much more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$2,513/mo
86% above US
Median home value
$753,500
148% above US
Median household income
$117,703
50% above US
Rent as share of income
26%
US 21%
Home price to income
6.4×
US 3.9×
Sales tax
7.25%
Rent by number of bedrooms
HUD 2027 fair market rents for Oxnard-Thousand Oaks-Ventura, CA MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Simi Valley compares
- Simi Valley$2,513
- California$1,956
- United States$1,348
- Thousand Oaks$2,580
- Beverly Hills$2,805
- West Hollywood$2,103
- Oxnard$1,962
- Manhattan Beach$3,492
- Alhambra$1,852
- South Gate$1,471
- Simi Valley$753,500
- California$695,400
- United States$303,400
- Thousand Oaks$951,200
- Beverly Hills$2,000,001
- West Hollywood$969,900
- Oxnard$617,800
- Manhattan Beach$2,000,001
- Alhambra$812,700
- South Gate$608,500
Taxes
Compare with nearby cities
Life in Simi Valley
Questions
Is Simi Valley expensive to live in?
Housing in Simi Valley is much more expensive than the national average: median rent is $2,513 (86% above US) and the median home value is $753,500 (148% above US).
How much is rent in Simi Valley?
The median gross rent is $2,513 a month. HUD’s 2027 fair market rents for the area are studio $1,827, 1 bedroom $2,035, 2 bedrooms $2,424, 3 bedrooms $3,287, 4 bedrooms $3,816.
How much of their income do renters spend in Simi Valley?
At the median, a year’s rent ($30,156) equals about 26% of the median household income ($117,703); nationally it’s about 21%.
What are taxes like in Simi Valley?
Sales tax is 7.25% and property taxes run about 0.74% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; CDTFA California City & County Sales & Use Tax Rates.