Cost of Living: Midland, TX vs Thousand Oaks, CA (2026)

Midland

Texas
99
VS

Thousand Oaks

California
226

Midland is 56% cheaper than Thousand Oaks.

$1,407/mo ↓ 45%
Median Rent
$2,580/mo ↑ 83%
$91,169/yr ↓ 32%
Median Income
$134,367/yr ↑ 47%
$298,600 ↓ 69%
Home Value
$951,200 ↑ 219%
$1,468/mo ↓ 46%
Owner Costs
$2,726/mo ↑ 86%
133,998
Population
125,676

Tax Comparison

0%
Income Tax
13.3%
6.25%
State Sales Tax
7.25%
1.6%
Property Tax
0.71%

Affordability

18.5%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing Midland, TX and Thousand Oaks, CA, the overall cost of living indices are 99 and 226 respectively (national median = 100). Rent is $1,173/month cheaper in Midland, saving renters about $14,076/year.

Median household income is $43,198/year higher in Thousand Oaks. Home values also differ significantly — the median in Midland is $298,600 compared to $951,200 in Thousand Oaks.

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

Frequently Asked Questions

Midland vs Thousand Oaks — common questions

Is Midland or Thousand Oaks cheaper to live in?
Based on our cost index, Midland is cheaper to live in with an index of 99 compared to 226 (US average = 100).
What is the rent difference between Midland and Thousand Oaks?
Median rent in Midland is $1,407/month and in Thousand Oaks it's $2,580/month — a difference of $1,173/month.
Which city has higher income, Midland or Thousand Oaks?
Median household income is $91,169 in Midland and $134,367 in Thousand Oaks. Median household income is $43,198/year higher in Thousand Oaks.
How do taxes compare between Texas and California?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Midland or Thousand Oaks?
It depends on your priorities. Midland has a cost index of 99 with median rent of $1,407/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 Midland details → View Thousand Oaks details →

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