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Oak Bay, BC
Full City Profile · British Columbia
Oak Bay, BC
At a Glance
How Oak Bay Compares to the U.S. Average
Each bar shows Oak Bay's value as a percentage of the national average (100% = U.S. avg)
Is Oak Bay a Good Place to Live?
Economy & Jobs
Oak Bay residents earn a median household income of $107,000 , which is 42% above the national average of $75,149. Per capita income is $82,100. The unemployment rate stands at 7.0% (94% above the U.S. rate of 3.6%). 8.0% of residents live below the poverty line. The area is home to 558 business establishments.
Housing & Cost of Living
The median home value in Oak Bay is $1,400,000 , 397% above the national median of $281,900. Median rent is $1,300/month, with 23.3% of renters spending more than 30% of income on housing.
Education
27.2% of adults in Oak Bay hold a bachelor's degree or higher (19% below the national average). 19.7% have completed high school.
Climate & Weather
Oak Bay has an average annual temperature of 52°F (11°C). Winters average 42°F in January while summers reach 66°F in July. The area gets 248 sunny days per year. Annual precipitation totals 32.0 inches.