Cost of living in Raleigh Hills 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 Raleigh Hills 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 Raleigh Hills is 156, with 100 being the average.
The cost of living index in Raleigh Hills is 1.6x higher than the national average.
Raleigh Hills ranks as the #98 cheapest in Oregon out of 98.
Raleigh Hills ranks as the #5,945 cheapest out of 6,412 in the US.
The median home value in Raleigh Hills is $745,600.
The median income in Raleigh Hills is $110,296.
According to the most recent data on the cost of living, Raleigh Hills has an overall cost of living index of 156, which is 1.6x higher than the national index of 100.
Compared to Oregon, Raleigh Hills has a cost of living index that's 1.3x higher than Oregon's index of 116.
The standard of living in Raleigh Hills ranks as #98 most affordable out of the 98 places we measured in Oregon. By definition, that implies Raleigh Hills ranks as the #0 most expensive place in the Beaver State.
For more reading on life in Raleigh Hills, check out:
Six factors go into calculating the cost of living index in Raleigh Hills. Here is how it fairs on each of the criteria:
The Services index in Raleigh Hills is 118.
The Groceries index in Raleigh Hills is 115.
The Health index in Raleigh Hills is 118.
The Housing index in Raleigh Hills is 250.
The Transportation index in Raleigh Hills is 128.
The Utilities index in Raleigh Hills is 87.
|Living Expense||Raleigh Hills||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 Raleigh Hills is $745,600.
The Median Rent in Raleigh Hills is $1,314.
The Median Income in Raleigh Hills is $110,296.
The Home Value To Income in Raleigh Hills is 6.8x.
The Rent To Monthly Income in Raleigh Hills is 0.14x.
|Statistic||Raleigh Hills||Oregon||United States|
|Median Home Value||$745,600||$362,200||$244,900|
|Home Value To Income||6.8x||5.2x||3.5x|
|Rent To Monthly Income||0.14x||0.21x||0.2x|
The cost of living varies in the cities and towns around Raleigh Hills. 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, 0.7x Raleigh Hills.
Beaverton, OR has a cost of living index of 127, 0.8x Raleigh Hills.
Tigard, OR has a cost of living index of 128, 0.8x Raleigh Hills.
|City||Population||Cost Of Living||Vs. Raleigh Hills|
|Lake Oswego, OR||40,390||153||1.0x|
|West Linn, OR||27,173||140||0.9x|
|Hazel Dell, WA||21,650||116||0.7x|
|Five Corners, WA||20,428||114||0.7x|