Cost of Living: Miami, FL vs Thousand Oaks, CA (2026)

Miami

Florida
129
VS

Thousand Oaks

California
226

Miami is 43% cheaper than Thousand Oaks.

$1,657/mo ↓ 36%
Median Rent
$2,580/mo ↑ 56%
$59,390/yr ↓ 56%
Median Income
$134,367/yr ↑ 126%
$475,200 ↓ 50%
Home Value
$951,200 ↑ 100%
$1,666/mo ↓ 39%
Owner Costs
$2,726/mo ↑ 64%
446,663
Population
125,676

Tax Comparison

0%
Income Tax
13.3%
6.0%
State Sales Tax
7.25%
0.86%
Property Tax
0.71%

Affordability

33.5%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Thousand Oaks, CA, the overall cost of living indices are 129 and 226 respectively (national median = 100). Rent is $923/month cheaper in Miami, saving renters about $11,076/year.

Median household income is $74,977/year higher in Thousand Oaks. Home values also differ significantly — the median in Miami is $475,200 compared to $951,200 in Thousand Oaks.

Florida has no state income tax, giving Miami residents a significant tax advantage over California's 13.3% rate.

Frequently Asked Questions

Miami vs Thousand Oaks — common questions

Is Miami or Thousand Oaks cheaper to live in?
Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 226 (US average = 100).
What is the rent difference between Miami and Thousand Oaks?
Median rent in Miami is $1,657/month and in Thousand Oaks it's $2,580/month — a difference of $923/month.
Which city has higher income, Miami or Thousand Oaks?
Median household income is $59,390 in Miami and $134,367 in Thousand Oaks. Median household income is $74,977/year higher in Thousand Oaks.
How do taxes compare between Florida and California?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Miami or Thousand Oaks?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Thousand Oaks has a cost index of 226 with rent of $2,580/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Thousand Oaks details →

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