Cost of Living in Simi Valley, CA
Population: 125,769 • 2026 Data
$117,703
Median Household Income
+52% vs national
$2,513
Median Monthly Rent
+86% vs national
$753,500
Median Home Value
+122% vs national
4.5%
Unemployment Rate
Housing in Simi Valley
The median home value in Simi Valley, CA is $753,500. Monthly rent for a typical unit averages $2,513, while total monthly housing costs (including utilities and insurance) average $2,576.
Rent-to-income ratio: 25.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Simi Valley, CA is $117,703. The unemployment rate stands at 4.5%, with a labor force of 68,946 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.