Silverton, OR Cost Of Living
Cost Of Living In Silverton, OR Summary
Cost of living in Silverton 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 Silverton 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 Silverton is 116, with 100 being the average.
The cost of living index in Silverton is 1.2x higher than the national average.
Silverton ranks as the #63 cheapest in Oregon out of 98.
Silverton ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Silverton is $344,000.
The median income in Silverton is $69,612.
Table Of Contents
Silverton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Silverton, OR?
According to the most recent data on the cost of living, Silverton has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Oregon, Silverton has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in Silverton ranks as #63 most affordable out of the 98 places we measured in Oregon. By definition, that implies Silverton ranks as the #35 most expensive place in the Beaver State.
For more reading on life in Silverton, check out:
- Living In Silverton
- Silverton Crime Report
- Search Homes For Sale In Silverton, OR
In Oregon
In America
Silverton Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Silverton. Here is how it fairs on each of the criteria:
The Services index in Silverton is 121.
The Groceries index in Silverton is 113.
The Health index in Silverton is 116.
The Housing index in Silverton is 117.
The Transportation index in Silverton is 128.
The Utilities index in Silverton is 89.
| Living Expense | Silverton | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 116 | 116 | 100 | |
| Services | 121 | 106 | 100 | |
| Groceries | 113 | 107 | 100 | |
| Health | 116 | 103 | 100 | |
| Housing | 117 | 140 | 100 | |
| Transportation | 128 | 117 | 100 | |
| Utilities | 89 | 97 | 100 | |
Silverton, 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 Silverton is $344,000.
The Median Rent in Silverton is $1,202.
The Median Income in Silverton is $69,612.
The Home Value To Income in Silverton is 4.9x.
The Rent To Monthly Income in Silverton is 0.21x.
| Statistic | Silverton | Oregon | United States |
|---|---|---|---|
| Median Home Value | $344,000 | $362,200 | $244,900 |
| Median Rent | $1,202 | $1,250 | $1,163 |
| Median Income | $69,612 | $70,084 | $69,021 |
| Home Value To Income | 4.9x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Silverton, OR Costs By Category
Detailed Silverton Services Costs Vs. Oregon
Detailed Silverton Groceries Costs Vs. Oregon
Detailed Silverton Health Costs Vs. Oregon
Detailed Silverton Transportation Costs Vs. Oregon
Detailed Silverton Utilities Costs Vs. Oregon
Silverton SnackAbility
/10
Cost Of Living In Cities Around Silverton
The cost of living varies in the cities and towns around Silverton. 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 Silverton.
Keizer, OR has a cost of living index of 114, 1.0x Silverton.
Woodburn, OR has a cost of living index of 107, 0.9x Silverton.
| City | Population | Cost Of Living | Vs. Silverton |
|---|---|---|---|
| Salem, OR | 174,193 | 112 | 1.0x |
| Keizer, OR | 39,119 | 114 | 1.0x |
| Woodburn, OR | 25,877 | 107 | 0.9x |
| Hayesville, OR | 21,887 | 104 | 0.9x |
| Canby, OR | 18,078 | 119 | 1.0x |
| Four Corners, OR | 16,608 | 107 | 0.9x |
| Molalla, OR | 10,060 | 115 | 1.0x |
| Stayton, OR | 8,199 | 112 | 1.0x |
