salaryRent is higher than in 70% of U.S. cities. A typical house costs about 6.4 years of household income, so buying is hard for most locals.
How much money do I need?
To rent here comfortably, you should earn about $80,600 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 229 of 653 cities from cheapest to most expensive.
How much do households earn in Charter Oak?
Share of households by yearly income. 34.7% of households earn $100,000 or more.
Rent by apartment size in Charter Oak
| Size | Charter Oak | U.S. average |
|---|---|---|
| Studio | $1,208 | $1,338 |
| 1 bedroom | $1,748 | $1,324 |
| 2 bedrooms | $1,850 | $1,509 |
| 3 bedrooms | $3,136 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Charter Oak overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Charter Oak, so the California figure is shown.
Taxes and bills in Charter Oak
Life in Charter Oak
Is it cheaper to rent or buy in Charter Oak?
Renting is cheaper right now: about $2,191 a month less.
Owning assumes a typical $606,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $60,620 for the down payment.
Frequently asked questions
What is the average rent in Charter Oak, CA?
Renting in Charter Oak costs a median of about $2,015 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Charter Oak?
To keep rent under 30% of income, you need about $80,600 a year, or $39 an hour at a full-time job.
Is Charter Oak cheap or expensive?
Charter Oak is rated OK: rent takes 25.4% of the typical household income of $95,332. It ranks 229th cheapest of 653 California cities we track.
How much are property taxes in Charter Oak?
The median homeowner in Charter Oak pays $4,158 a year in property taxes, about 0.69% of the median home value.
Is Charter Oak more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Charter Oak?
The median home value in Charter Oak is $606,200, about 6.4 times the typical yearly household income.
9,442 people live in Charter Oak. Numbers are typical (middle) values.