Cost of Living in Novato, CA
Population: 52,689 • 2026 Data
$112,193
Median Household Income
+45% vs national
$2,422
Median Monthly Rent
+80% vs national
$1,007,100
Median Home Value
+197% vs national
6.7%
Unemployment Rate
Housing in Novato
The median home value in Novato, CA is $1,007,100. Monthly rent for a typical unit averages $2,422, while total monthly housing costs (including utilities and insurance) average $2,576.
Rent-to-income ratio: 25.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Novato, CA is $112,193. The unemployment rate stands at 6.7%, with a labor force of 26,608 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.