salaryRent here is among the highest 10% in the country. A typical house costs about 6.3 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 $120,280 a year. That is $58 an hour at a full-time job.
Is rent cheaper than other California cities?
No. Rent here is more expensive than in most of California. It is number 498 of 653 cities from cheapest to most expensive.
How much do households earn in Simi Valley?
Share of households by yearly income. 48.7% of households earn $100,000 or more.
Rent by apartment size in Simi Valley
| Size | Simi Valley | U.S. average |
|---|---|---|
| Studio | $2,079 | $1,338 |
| 1 bedroom | $2,311 | $1,324 |
| 2 bedrooms | $2,609 | $1,509 |
| 3 bedrooms | $3,319 | $1,698 |
| 4 bedrooms | $3,572 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Simi Valley 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 Simi Valley, so the California figure is shown.
Taxes and bills in Simi Valley
Life in Simi Valley
Is it cheaper to rent or buy in Simi Valley?
Renting is cheaper right now: about $2,709 a month less.
Owning assumes a typical $823,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $82,380 for the down payment.
Frequently asked questions
What is the average rent in Simi Valley, CA?
Renting in Simi Valley costs a median of about $3,007 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Simi Valley?
To keep rent under 30% of income, you need about $120,280 a year, or $58 an hour at a full-time job.
Is Simi Valley cheap or expensive?
Simi Valley is rated OK: rent takes 27.4% of the typical household income of $131,664. It ranks 498th cheapest of 653 California cities we track.
How much are property taxes in Simi Valley?
The median homeowner in Simi Valley pays $5,851 a year in property taxes, about 0.71% of the median home value.
Is Simi Valley 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 Simi Valley?
The median home value in Simi Valley is $823,800, about 6.3 times the typical yearly household income.
125,634 people live in Simi Valley. Numbers are typical (middle) values.