Monmouth, OR Cost Of Living
Cost Of Living In Monmouth, OR Summary
Cost of living in Monmouth 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 Monmouth 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 Monmouth is 111, with 100 being the average.
The cost of living index in Monmouth is 1.1x higher than the national average.
Monmouth ranks as the #39 cheapest in Oregon out of 98.
Monmouth ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Monmouth is $279,700.
The median income in Monmouth is $54,310.
Table Of Contents
Monmouth's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monmouth, OR?
According to the most recent data on the cost of living, Monmouth has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Oregon, Monmouth has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in Monmouth ranks as #39 most affordable out of the 98 places we measured in Oregon. By definition, that implies Monmouth ranks as the #59 most expensive place in the Beaver State.
For more reading on life in Monmouth, check out:
- Living In Monmouth
- Monmouth Crime Report
- Search Homes For Sale In Monmouth, OR
In Oregon
In America
Monmouth Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Monmouth. Here is how it fairs on each of the criteria:
The Services index in Monmouth is 120.
The Groceries index in Monmouth is 113.
The Health index in Monmouth is 118.
The Housing index in Monmouth is 98.
The Transportation index in Monmouth is 127.
The Utilities index in Monmouth is 87.
| Living Expense | Monmouth | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 111 | 116 | 100 | |
| Services | 120 | 106 | 100 | |
| Groceries | 113 | 107 | 100 | |
| Health | 118 | 103 | 100 | |
| Housing | 98 | 140 | 100 | |
| Transportation | 127 | 117 | 100 | |
| Utilities | 87 | 97 | 100 | |
Monmouth, OR Housing Cost Breakdown
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 Monmouth is $279,700.
The Median Rent in Monmouth is $1,045.
The Median Income in Monmouth is $54,310.
The Home Value To Income in Monmouth is 5.2x.
The Rent To Monthly Income in Monmouth is 0.23x.
| Statistic | Monmouth | Oregon | United States |
|---|---|---|---|
| Median Home Value | $279,700 | $362,200 | $244,900 |
| Median Rent | $1,045 | $1,250 | $1,163 |
| Median Income | $54,310 | $70,084 | $69,021 |
| Home Value To Income | 5.2x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Monmouth, OR Costs By Category
Detailed Monmouth Services Costs Vs. Oregon
Detailed Monmouth Groceries Costs Vs. Oregon
Detailed Monmouth Health Costs Vs. Oregon
Detailed Monmouth Transportation Costs Vs. Oregon
Detailed Monmouth Utilities Costs Vs. Oregon
Monmouth SnackAbility
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Cost Of Living In Cities Around Monmouth
The cost of living varies in the cities and towns around Monmouth. Here's a quick look at the cost of living in the most populous nearby places:
Salem, OR has a cost of living index of 112, 1.0x Monmouth.
Corvallis, OR has a cost of living index of 123, 1.1x Monmouth.
Albany, OR has a cost of living index of 110, 1.0x Monmouth.
| City | Population | Cost Of Living | Vs. Monmouth |
|---|---|---|---|
| Salem, OR | 174,193 | 112 | 1.0x |
| Corvallis, OR | 59,407 | 123 | 1.1x |
| Albany, OR | 55,776 | 110 | 1.0x |
| Keizer, OR | 39,119 | 114 | 1.0x |
| Hayesville, OR | 21,887 | 104 | 0.9x |
| Dallas, OR | 16,663 | 110 | 1.0x |
| Four Corners, OR | 16,608 | 107 | 1.0x |
| Independence, OR | 9,850 | 107 | 1.0x |
