Madras, OR Cost Of Living
Cost Of Living In Madras, OR Summary
Cost of living in Madras 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 Madras 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 Madras is 108, with 100 being the average.
The cost of living index in Madras is 1.1x higher than the national average.
Madras ranks as the #26 cheapest in Oregon out of 99.
Madras ranks as the #3,467 cheapest out of 6,489 in the US.
The median home value in Madras is $358,019.
The median income in Madras is $56,590.
Table Of Contents
Madras's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Madras, OR?
According to the most recent data on the cost of living, Madras has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Oregon, Madras has a cost of living index that's 1.0x lower than Oregon's index of 112.
The standard of living in Madras ranks as #26 most affordable out of the 99 places we measured in Oregon. By definition, that implies Madras ranks as the #73 most expensive place in the Beaver State.
For more reading on life in Madras, check out:
In Oregon
In America
Madras Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Madras. Here is how it fairs on each of the criteria:
The Services index in Madras is 108.
The Groceries index in Madras is 112.
The Health index in Madras is 109.
The Housing index in Madras is 102.
The Transportation index in Madras is 127.
The Utilities index in Madras is 95.
| Living Expense | Madras | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 108 | 112 | 100 | |
| Services | 108 | 107 | 100 | |
| Groceries | 112 | 107 | 100 | |
| Health | 109 | 104 | 100 | |
| Housing | 102 | 124 | 100 | |
| Transportation | 127 | 116 | 100 | |
| Utilities | 95 | 97 | 100 | |
Madras, 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 2019-2023. The key points are:
The Median Home Value in Madras is $358,019.
The Median Rent in Madras is $942.
The Median Income in Madras is $56,590.
The Home Value To Income in Madras is 6.3x.
The Rent To Monthly Income in Madras is 0.2x.
Median Home Value
Median Rent
Median Income
Madras, OR Costs By Category
Detailed Madras Services Costs Vs. Oregon
Detailed Madras Groceries Costs Vs. Oregon
Detailed Madras Health Costs Vs. Oregon
Detailed Madras Transportation Costs Vs. Oregon
Detailed Madras Utilities Costs Vs. Oregon
Madras SnackAbility
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Cost Of Living In Cities Around Madras
The cost of living varies in the cities and towns around Madras. Here's a quick look at the cost of living in the most populous nearby places:
Bend, OR has a cost of living index of 134, 1.2x Madras.
Redmond, OR has a cost of living index of 116, 1.1x Madras.
Prineville, OR has a cost of living index of 105, 1.0x Madras.
| City | Population | Cost Of Living | Vs. Madras |
|---|---|---|---|
| Bend, OR | 101,472 | 134 | 1.2x |
| Redmond, OR | 35,161 | 116 | 1.1x |
| Prineville, OR | 11,187 | 105 | 1.0x |
| Deschutes River Woods, OR | 5,755 | 123 | 1.1x |
