salaryRent here is among the highest 10% in the country. Household incomes are higher than in 96% of U.S. cities. A typical house costs about 6.9 years of household income, so buying is hard for most locals. Most homes (80.6%) are owned, so rentals can be hard to find. It is a highly educated city: 63.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 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 627 of 653 cities from cheapest to most expensive.
How much do households earn in Westlake Village?
Share of households by yearly income. 66.5% of households earn $100,000 or more.
Rent by apartment size in Westlake Village
| Size | Westlake Village | U.S. average |
|---|---|---|
| 1 bedroom | $2,373 | $1,324 |
| 2 bedrooms | $3,024 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Westlake Village 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 Westlake Village, so the California figure is shown.
Taxes and bills in Westlake Village
Life in Westlake Village
Is it cheaper to rent or buy in Westlake Village?
Renting is cheaper right now: about $5,737 a month less.
Owning assumes a typical $1,331,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $133,140 for the down payment.
Frequently asked questions
What is the average rent in Westlake Village, CA?
Renting in Westlake Village costs a median of about $3,500+ a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Westlake Village?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Westlake Village cheap or expensive?
Westlake Village is rated OK: rent takes 21.6% of the typical household income of $194,080. It ranks 627th cheapest of 653 California cities we track.
How much are property taxes in Westlake Village?
The median homeowner in Westlake Village pays $8,344 a year in property taxes, about 0.63% of the median home value.
Is Westlake Village 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 Westlake Village?
The median home value in Westlake Village is $1,331,400, about 6.9 times the typical yearly household income.
7,743 people live in Westlake Village. Numbers are typical (middle) values.