Monmouth, OR Cost Of Living
Cost Of Living In Monmouth, OR Summary
Cost of living in Monmouth 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 Monmouth 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 Monmouth is 113, with 100 being the average.
The cost of living index in Monmouth is 1.1x higher than the national average.
Monmouth ranks as the #39 cheapest in Oregon out of 99.
Monmouth ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Monmouth is $470,981.
The median income in Monmouth is $66,858.
Table Of Contents
Monmouth's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monmouth, OR?
According to the most recent data on the cost of living, Monmouth has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Oregon, Monmouth has a cost of living index that's 1.0x higher than Oregon's index of 112.
The standard of living in Monmouth ranks as #39 most affordable out of the 99 places we measured in Oregon. By definition, that implies Monmouth ranks as the #60 most expensive place in the Beaver State.
For more reading on life in Monmouth, check out:
In Oregon
In America
Monmouth Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Monmouth. Here is how it fairs on each of the criteria:
The Services index in Monmouth is 104.
The Groceries index in Monmouth is 109.
The Health index in Monmouth is 100.
The Housing index in Monmouth is 134.
The Transportation index in Monmouth is 106.
The Utilities index in Monmouth is 97.
| Living Expense | Monmouth | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 113 | 112 | 100 | |
| Services | 104 | 107 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 100 | 104 | 100 | |
| Housing | 134 | 124 | 100 | |
| Transportation | 106 | 116 | 100 | |
| Utilities | 97 | 97 | 100 | |
Monmouth, 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 Monmouth is $470,981.
The Median Rent in Monmouth is $1,137.
The Median Income in Monmouth is $66,858.
The Home Value To Income in Monmouth is 7.0x.
The Rent To Monthly Income in Monmouth is 0.2x.
Median Home Value
Median Rent
Median Income
Monmouth, OR Costs By Category
Detailed Monmouth Services Costs Vs. Oregon
Detailed Monmouth Groceries Costs Vs. Oregon
Detailed Monmouth Health Costs Vs. Oregon
Detailed Monmouth Transportation Costs Vs. Oregon
Detailed Monmouth Utilities Costs Vs. Oregon
Monmouth SnackAbility
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Cost Of Living In Cities Around Monmouth
The cost of living varies in the cities and towns around Monmouth. Here's a quick look at the cost of living in the most populous nearby places:
Salem, OR has a cost of living index of 117, 1.0x Monmouth.
Corvallis, OR has a cost of living index of 126, 1.1x Monmouth.
Albany, OR has a cost of living index of 108, 1.0x Monmouth.
| City | Population | Cost Of Living | Vs. Monmouth |
|---|---|---|---|
| Salem, OR | 176,666 | 117 | 1.0x |
| Corvallis, OR | 60,424 | 126 | 1.1x |
| Albany, OR | 56,773 | 108 | 1.0x |
| Keizer, OR | 39,013 | 119 | 1.1x |
| Hayesville, OR | 22,309 | 111 | 1.0x |
| Dallas, OR | 17,214 | 116 | 1.0x |
| Four Corners, OR | 16,168 | 111 | 1.0x |
| Independence, OR | 10,088 | 113 | 1.0x |
| Sheridan, OR | 6,462 | 106 | 0.9x |
