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24/7 Wall St.: America's Richest and Poorest Cities

America's Richest Cities

4. Oxnard-Thousand Oaks-Ventura, Calif.

Median household income: $74,623

Population: 831,771 (63rd highest)

Unemployment rate: 10.1% (93rd highest)

Pct. households below poverty line: 11.3% (32nd lowest)

Home prices in the Oxnard area, part of the Greater Los Angeles region, declined by more than 32% between 2007 and 2011, including a 5.5% dip between 2010 and 2011. Despite that, the median home value in the Oxnard area was $433,100, the eighth-highest among all metro areas. Furthermore, 6% of homes were worth at least $1 million, triple the U.S. rate. Renting is not particularly cheap either. The median monthly rent of $1,382 was the fourth-highest rent in the country and higher than the national median by more than $500.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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