Cost of living in McMinnville 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 McMinnville 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 McMinnville is 111, with 100 being the average.
The cost of living index in McMinnville is 1.1x higher than the national average.
McMinnville ranks as the #39 cheapest in Oregon out of 98.
McMinnville ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in McMinnville is $311,500.
The median income in McMinnville is $58,692.
According to the most recent data on the cost of living, McMinnville has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Oregon, McMinnville has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in McMinnville ranks as #39 most affordable out of the 98 places we measured in Oregon. By definition, that implies McMinnville ranks as the #59 most expensive place in the Beaver State.
For more reading on life in McMinnville, check out:
Six factors go into calculating the cost of living index in McMinnville. Here is how it fairs on each of the criteria:
The Services index in McMinnville is 120.
The Groceries index in McMinnville is 111.
The Health index in McMinnville is 116.
The Housing index in McMinnville is 105.
The Transportation index in McMinnville is 130.
The Utilities index in McMinnville is 90.
|Living Expense||McMinnville||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 McMinnville is $311,500.
The Median Rent in McMinnville is $1,123.
The Median Income in McMinnville is $58,692.
The Home Value To Income in McMinnville is 5.3x.
The Rent To Monthly Income in McMinnville is 0.23x.
|Median Home Value||$311,500||$362,200||$244,900|
|Home Value To Income||5.3x||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 McMinnville. Here's a quick look at the cost of living in the most populous nearby places:
Keizer, OR has a cost of living index of 114, 1.0x McMinnville.
Woodburn, OR has a cost of living index of 107, 1.0x McMinnville.
Newberg, OR has a cost of living index of 115, 1.0x McMinnville.