The 10 Most Expensive Places To Live In Oregon For 2023


We used science and data to determine which cities in Oregon that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2023. This is our tenth time ranking the most expensive places to live in Oregon.

Everyone wants a home that mixes affordability with comfort and Oregon does this very well. Families love the Beaver State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Oregon that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Oregon for 2023.

So where is the most expensive place to live in Oregon? That would be Bend.
the 2017-2021 American Community Survey for the 77 places in Oregon with more than 5,000 people.

Here are the 10 most expensive places to live in Oregon for 2023:

  1. Bend
  2. Corvallis
  3. Seaside
  4. Wilsonville
  5. Ashland
  6. Gresham
  7. Eugene
  8. Portland
  9. Hood River
  10. Lincoln City

What's the most expensive place to live in Oregon? Well, HomeSnacks crunched the numbers and discovered that Bend is the most expensive place to live in Oregon.

So hopefully Milton-Freewater (the cheapest place to live in Oregon) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Oregon and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Oregon For 2023

1. Bend

Bend, OR

Overall SnackAbility

8.5
/10

Population: 97,042
Rank Last Year: 4 (Up 3)
Home Price To Income Ratio: 6.2x (5th most expensive)
Income To Rent Ratio: 48.5x (11th most expensive)
More on Bend: Real Estate | Data | Photos

The median income in Bend comes in at $74,253 and the median home value is $462,400 for 2023.

2. Corvallis

Corvallis, OR

Overall SnackAbility

7.5
/10

Population: 59,407
Rank Last Year: 1 (Down 1)
Home Price To Income Ratio: 6.6x (3rd most expensive)
Income To Rent Ratio: 48.4x (10th most expensive)
More on Corvallis: Real Estate | Data | Photos

The median income in Corvallis comes in at $58,315 and the median home value is $387,200 for 2023.

3. Seaside

Seaside, OR

Source: Public domain
Overall SnackAbility

6
/10

Population: 7,058
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 8.2x (most expensive)
Income To Rent Ratio: 44.7x (2nd most expensive)
More on Seaside: Real Estate | Data | Photos

The median income in Seaside comes in at $41,488 and the median home value is $339,600 for 2023.

4. Wilsonville

Wilsonville, OR

Overall SnackAbility

7
/10

Population: 25,887
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 5.9x (8th most expensive)
Income To Rent Ratio: 50.9x (20th most expensive)
More on Wilsonville: Real Estate | Data | Photos

The median income in Wilsonville comes in at $78,508 and the median home value is $464,100 for 2023.

5. Ashland

Ashland, OR

Overall SnackAbility

7.5
/10

Population: 21,348
Rank Last Year: 3 (Down 2)
Home Price To Income Ratio: 7.8x (2nd most expensive)
Income To Rent Ratio: 54.2x (3most expensive)
More on Ashland: Real Estate | Data | Photos

The median income in Ashland comes in at $63,641 and the median home value is $494,700 for 2023.

6. Gresham

Gresham, OR

Overall SnackAbility

7
/10

Population: 114,164
Rank Last Year: 7 (Up 1)
Home Price To Income Ratio: 5.6x (15th most expensive)
Income To Rent Ratio: 46.8x (7th most expensive)
More on Gresham: Real Estate | Data | Photos

The median income in Gresham comes in at $61,826 and the median home value is $347,600 for 2023.

7. Eugene

Eugene, OR

Overall SnackAbility

7
/10

Population: 173,278
Rank Last Year: 8 (Up 1)
Home Price To Income Ratio: 6.0x (6th most expensive)
Income To Rent Ratio: 49.2x (13th most expensive)
More on Eugene: Real Estate | Data | Photos

The median income in Eugene comes in at $55,776 and the median home value is $337,200 for 2023.

8. Portland

Portland, OR

Overall SnackAbility

8
/10

Population: 647,176
Rank Last Year: 6 (Down 2)
Home Price To Income Ratio: 5.9x (9th most expensive)
Income To Rent Ratio: 55.8x (37th most expensive)
More on Portland: Real Estate | Data | Photos

The median income in Portland comes in at $78,476 and the median home value is $462,800 for 2023.

9. Hood River

Hood River, OR

Overall SnackAbility

8
/10

Population: 8,210
Rank Last Year: 9 (No Change)
Home Price To Income Ratio: 6.2x (4th most expensive)
Income To Rent Ratio: 57.3x (4most expensive)
More on Hood River: Real Estate | Data | Photos

The median income in Hood River comes in at $69,429 and the median home value is $433,400 for 2023.

10. Lincoln City

Lincoln City, OR

Overall SnackAbility

6
/10

Population: 9,655
Rank Last Year: 14 (Up 4)
Home Price To Income Ratio: 5.7x (12th most expensive)
Income To Rent Ratio: 45.7x (4th most expensive)
More on Lincoln City: Real Estate | Data | Photos

The median income in Lincoln City comes in at $49,297 and the median home value is $279,900 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The Beaver State For 2023

Map Of The Cheapest Places To Live In Oregon
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2017-2021 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Oregon to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 77 places in Oregon that have more than 5,000 people.

The place with the highest cost of living in Oregon according to the data is Bend. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Oregon For 2023

Well there you have it, the places in Oregon that have the highest cost of living, with Bend ranking as the most expensive city in the Beaver State.

Here's a look at the most affordable cities in Oregon according to the data:

  1. Milton-Freewater
  2. Hermiston
  3. Baker City

For more Oregon reading, check out:

Detailed List Of The Most Expensive Cities In Oregon

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Bend 8.0 97,042 6.2x 48.5x
2 Corvallis 9.33 59,407 6.6x 48.4x
3 Seaside 9.67 7,058 8.2x 44.7x
4 Wilsonville 11.33 25,887 5.9x 50.9x
5 Ashland 12.33 21,348 7.8x 54.2x
6 Gresham 14.67 114,164 5.6x 46.8x
7 Eugene 15.33 173,278 6.0x 49.2x
8 Portland 17.67 647,176 5.9x 55.8x
9 Hood River 18.67 8,210 6.2x 57.3x
10 Lincoln City 20.33 9,655 5.7x 45.7x
11 Talent 21.67 6,256 6.0x 36.5x
12 Fairview 21.67 10,439 5.0x 46.8x
13 Milwaukie 22.33 21,108 5.3x 54.5x
14 Beaverton 22.33 97,466 5.1x 54.4x
15 Grants Pass 24.0 38,902 5.7x 50.1x
16 Medford 24.67 84,894 5.3x 51.6x
17 Newport 25.67 10,305 5.7x 52.2x
18 Lake Oswego 26.0 40,390 5.7x 66.6x
19 Mcminnville 26.67 34,224 5.3x 52.3x
20 Florence 27.33 9,353 5.3x 49.2x
21 Prineville 27.67 10,611 5.3x 45.8x
22 Monmouth 30.67 10,735 5.2x 52.0x
23 Silverton 31.33 10,402 4.9x 57.9x
24 Oregon City 31.33 37,160 4.8x 60.5x
25 Tigard 32.0 54,750 4.9x 63.2x
26 Tualatin 32.67 27,821 4.8x 65.4x
27 Forest Grove 32.67 25,767 5.0x 62.0x
28 Cornelius 33.67 12,893 4.5x 52.7x
29 Astoria 34.0 10,166 5.6x 62.4x
30 Veneta 35.33 5,199 4.6x 50.4x
31 Lebanon 35.33 18,150 4.5x 45.4x
32 Hillsboro 35.33 105,909 4.2x 55.0x
33 Sherwood 35.67 20,281 4.3x 58.4x
34 Gladstone 36.33 12,017 4.4x 56.3x
35 Salem 36.67 174,193 4.7x 55.3x
36 Newberg 36.67 25,108 4.4x 57.4x
37 West Linn 36.67 27,173 4.6x 70.3x
38 Redmond 37.0 33,160 4.6x 56.1x
39 Woodburn 37.33 25,877 4.4x 48.4x
40 Madras 37.67 7,381 5.2x 53.3x
41 Klamath Falls 38.67 21,710 4.8x 51.1x
42 Springfield 39.0 62,138 4.6x 52.6x
43 Canby 41.33 18,078 4.6x 68.3x
44 Molalla 42.0 10,060 4.5x 62.0x
45 Independence 43.0 9,850 4.0x 49.3x
46 Roseburg 43.0 23,551 4.5x 51.9x
47 Stayton 44.0 8,199 4.7x 65.7x
48 Keizer 44.33 39,119 4.4x 59.0x
49 Happy Valley 44.33 23,442 4.2x 73.0x
50 Warrenton 44.33 6,123 4.4x 58.8x
51 Sutherlin 45.0 8,429 4.3x 48.6x
52 Eagle Point 45.33 9,600 4.1x 55.2x
53 Dallas 45.67 16,663 4.6x 59.7x
54 Brookings 46.33 6,706 4.6x 69.4x
55 Tillamook 47.33 5,183 4.2x 49.3x
56 Troutdale 47.67 16,353 4.1x 63.4x
57 Scappoose 48.0 7,871 3.9x 60.8x
58 Cottage Grove 48.67 10,569 4.5x 57.4x
59 Sweet Home 49.33 9,716 3.8x 46.5x
60 Coos Bay 50.33 15,921 4.4x 55.8x
61 La Grande 51.83 13,212 4.2x 52.1x
62 Albany 52.67 55,776 4.1x 59.4x
63 Winston 52.83 5,591 3.8x 50.8x
64 Sandy 53.0 12,383 3.9x 67.5x
65 Central Point 53.67 18,948 4.0x 62.1x
66 Philomath 54.0 5,353 3.9x 59.6x
67 North Bend 55.67 10,224 4.4x 65.5x
68 The Dalles 59.33 15,942 4.2x 64.2x
69 St. Helens 60.67 13,808 3.7x 63.0x
70 Creswell 61.0 5,625 3.6x 67.4x
71 Junction City 62.33 6,718 4.3x 83.4x
72 Umatilla 67.0 7,224 3.0x 59.4x
73 Ontario 68.33 11,465 3.4x 61.4x
74 Pendleton 69.67 16,861 3.5x 68.1x
75 Baker City 70.0 9,998 3.6x 65.5x
76 Hermiston 72.33 19,141 3.2x 68.9x
77 Milton-Freewater 75.33 7,143 3.2x 76.0x

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About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.