Cost of living in Creswell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Creswell is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Creswell is 112, with 100 being the average.
The cost of living index in Creswell is 1.1x higher than the national average.
Creswell ranks as the #45 cheapest in Oregon out of 98.
Creswell ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Creswell is $283,100.
The median income in Creswell is $78,974.
According to the most recent data on the cost of living, Creswell has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Oregon, Creswell has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in Creswell ranks as #45 most affordable out of the 98 places we measured in Oregon. By definition, that implies Creswell ranks as the #53 most expensive place in the Beaver State.
For more reading on life in Creswell, check out:
Six factors go into calculating the cost of living index in Creswell. Here is how it fairs on each of the criteria:
The Services index in Creswell is 121.
The Groceries index in Creswell is 114.
The Health index in Creswell is 117.
The Housing index in Creswell is 101.
The Transportation index in Creswell is 128.
The Utilities index in Creswell is 89.
Living Expense | Creswell | Oregon | National Average | |
---|---|---|---|---|
Overall | 112 | 116 | 100 | |
Services | 121 | 106 | 100 | |
Groceries | 114 | 107 | 100 | |
Health | 117 | 103 | 100 | |
Housing | 101 | 140 | 100 | |
Transportation | 128 | 117 | 100 | |
Utilities | 89 | 97 | 100 |
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Creswell is $283,100.
The Median Rent in Creswell is $1,171.
The Median Income in Creswell is $78,974.
The Home Value To Income in Creswell is 3.6x.
The Rent To Monthly Income in Creswell is 0.18x.
Statistic | Creswell | Oregon | United States |
---|---|---|---|
Median Home Value | $283,100 | $362,200 | $244,900 |
Median Rent | $1,171 | $1,250 | $1,163 |
Median Income | $78,974 | $70,084 | $69,021 |
Home Value To Income | 3.6x | 5.2x | 3.5x |
Rent To Monthly Income | 0.18x | 0.21x | 0.2x |
The cost of living varies in the cities and towns around Creswell. Here's a quick look at the cost of living in the most populous nearby places:
Eugene, OR has a cost of living index of 118, 1.1x Creswell.
Springfield, OR has a cost of living index of 106, 0.9x Creswell.
Corvallis, OR has a cost of living index of 123, 1.1x Creswell.
City | Population | Cost Of Living | Vs. Creswell |
---|---|---|---|
Eugene, OR | 173,278 | 118 | 1.1x |
Springfield, OR | 62,138 | 106 | 0.9x |
Corvallis, OR | 59,407 | 123 | 1.1x |
Albany, OR | 55,776 | 110 | 1.0x |
Lebanon, OR | 18,150 | 104 | 0.9x |
Cottage Grove, OR | 10,569 | 108 | 1.0x |
Sweet Home, OR | 9,716 | 104 | 0.9x |
Sutherlin, OR | 8,429 | 101 | 0.9x |
Veneta, OR | 5,199 | 108 | 1.0x |