Is Sherman Oaks Expensive?

Los Angeles, United States

+2% vs Los Angeles avg

Living in Sherman Oaks, Los Angeles

Sherman Oaks is a relatively affordable area in Los Angeles, with a cost of living index of 77.8 — that is +2% compared to the Los Angeles average. At #18 of 30, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around $2,448/month, compared to a range of $1,728 in Inglewood to $3,480 in Bel Air.

Monthly Budget Breakdown

For a typical resident of Sherman Oaks, housing takes up roughly 46% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $97,920 before tax.

Typical Salaries in Sherman Oaks

Salaries in Sherman Oaks reflect the local cost of living. Based on the neighborhood COLI of 77.8:

After tax and deductions of 30.5% in United States, take-home pay for someone earning $97,920 would be roughly $68,054/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

77.8
COLI Index
1.02x
vs City Avg
$2,448
Est. 1BR Rent
#18
of 30 Areas
30.5%
Total Deductions

Tax & Deductions in Sherman Oaks

Estimated annual deductions on a $58,350 salary in Sherman Oaks, Los Angeles (local employee).

Income Tax
14%
Social Security + Medicare (FICA)
7.6%
State Income Tax (CA)
9.3%
Total Deductions: 30.5%
Est. Take-Home: $40,570/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Sherman Oaks would need to be elsewhere:

City Currency Equivalent
New York USD $58,350
London GBP £50,215
Dubai AED AED 291,971

Other Neighborhoods in Los Angeles

Neighborhood COLI Multiplier vs Avg
Bel Air 110.6 1.45x +45%
Malibu 108.3 1.42x +42%
Beverly Hills 106.8 1.40x +40%
Manhattan Beach 99.2 1.30x +30%
Santa Monica 95.4 1.25x +25%

View all 30 neighborhoods in Los Angeles →

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Los Angeles City Comparisons

New York vs Los Angeles

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Sherman Oaks:

Musheireb, Doha Ravenna, Seattle Al Raha Beach, Abu Dhabi Al Bateen, Abu Dhabi Arabian Ranches, Dubai Newtown, Sydney

Frequently Asked Questions

Is Sherman Oaks expensive in Los Angeles?

Sherman Oaks is near the city average for Los Angeles. Costs are about +2% vs the average, making it a mid-range neighborhood.

How does Sherman Oaks compare to the Los Angeles average?

The cost of living in Sherman Oaks is near the Los Angeles average. With a multiplier of 1.02x, everyday expenses including rent, food, and transportation are +2% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.