Gresham, OR Cost Of Living
Cost Of Living In Gresham, OR Summary
Cost of living in Gresham 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 Gresham 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 Gresham is 115, with 100 being the average.
The cost of living index in Gresham is 1.1x higher than the national average.
Gresham ranks as the #58 cheapest in Oregon out of 98.
Gresham ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Gresham is $347,600.
The median income in Gresham is $61,826.
Table Of Contents
Gresham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gresham, OR?
According to the most recent data on the cost of living, Gresham has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Oregon, Gresham has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in Gresham ranks as #58 most affordable out of the 98 places we measured in Oregon. By definition, that implies Gresham ranks as the #40 most expensive place in the Beaver State.
For more reading on life in Gresham, check out:
- Living In Gresham
- Gresham Crime Report
- Search Homes For Sale In Gresham, OR
In Oregon
In America
Gresham Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Gresham. Here is how it fairs on each of the criteria:
The Services index in Gresham is 121.
The Groceries index in Gresham is 114.
The Health index in Gresham is 116.
The Housing index in Gresham is 116.
The Transportation index in Gresham is 127.
The Utilities index in Gresham is 90.
| Living Expense | Gresham | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 115 | 116 | 100 | |
| Services | 121 | 106 | 100 | |
| Groceries | 114 | 107 | 100 | |
| Health | 116 | 103 | 100 | |
| Housing | 116 | 140 | 100 | |
| Transportation | 127 | 117 | 100 | |
| Utilities | 90 | 97 | 100 | |
Gresham, 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 Gresham is $347,600.
The Median Rent in Gresham is $1,321.
The Median Income in Gresham is $61,826.
The Home Value To Income in Gresham is 5.6x.
The Rent To Monthly Income in Gresham is 0.26x.
| Statistic | Gresham | Oregon | United States |
|---|---|---|---|
| Median Home Value | $347,600 | $362,200 | $244,900 |
| Median Rent | $1,321 | $1,250 | $1,163 |
| Median Income | $61,826 | $70,084 | $69,021 |
| Home Value To Income | 5.6x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Gresham, OR Costs By Category
Detailed Gresham Services Costs Vs. Oregon
Detailed Gresham Groceries Costs Vs. Oregon
Detailed Gresham Health Costs Vs. Oregon
Detailed Gresham Transportation Costs Vs. Oregon
Detailed Gresham Utilities Costs Vs. Oregon
Gresham SnackAbility
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Cost Of Living In Cities Around Gresham
The cost of living varies in the cities and towns around Gresham. Here's a quick look at the cost of living in the most populous nearby places:
Vancouver, WA has a cost of living index of 116, 1.0x Gresham.
Lake Oswego, OR has a cost of living index of 153, 1.3x Gresham.
Camas, WA has a cost of living index of 130, 1.1x Gresham.
| City | Population | Cost Of Living | Vs. Gresham |
|---|---|---|---|
| Vancouver, WA | 188,331 | 116 | 1.0x |
| Lake Oswego, OR | 40,390 | 153 | 1.3x |
| Camas, WA | 25,774 | 130 | 1.1x |
| Happy Valley, OR | 23,442 | 142 | 1.2x |
| Hazel Dell, WA | 21,650 | 116 | 1.0x |
| Battle Ground, WA | 20,536 | 117 | 1.0x |
| Five Corners, WA | 20,428 | 114 | 1.0x |
| Washougal, WA | 16,664 | 116 | 1.0x |
| Troutdale, OR | 16,353 | 117 | 1.0x |
| Oregon, WI | 11,100 | 110 | 1.0x |
