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 102, with 100 being the average.
The cost of living index in Madras is 1.0x higher than the national average.
Madras ranks as the #11 cheapest in Oregon out of 98.
Madras ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Madras is $227,500.
The median income in Madras is $43,722.
According to the most recent data on the cost of living, Madras has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Oregon, Madras has a cost of living index that's 0.9x lower than Oregon's index of 116.
The standard of living in Madras ranks as #11 most affordable out of the 98 places we measured in Oregon. By definition, that implies Madras ranks as the #87 most expensive place in the Beaver State.
For more reading on life in Madras, check out:
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 122.
The Groceries index in Madras is 112.
The Health index in Madras is 119.
The Housing index in Madras is 66.
The Transportation index in Madras is 130.
The Utilities index in Madras is 91.
|Living Expense||Madras||Oregon||National Average|
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 Madras is $227,500.
The Median Rent in Madras is $821.
The Median Income in Madras is $43,722.
The Home Value To Income in Madras is 5.2x.
The Rent To Monthly Income in Madras is 0.23x.
|Median Home Value||$227,500||$362,200||$244,900|
|Home Value To Income||5.2x||5.2x||3.5x|
|Rent To Monthly Income||0.23x||0.21x||0.2x|
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 126, 1.2x Madras.
Redmond, OR has a cost of living index of 111, 1.1x Madras.
Prineville, OR has a cost of living index of 103, 1.0x Madras.