Cost of living in Sweet Home 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 Sweet Home 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 Sweet Home is 104, with 100 being the average.
The cost of living index in Sweet Home is 1.0x higher than the national average.
Sweet Home ranks as the #15 cheapest in Oregon out of 98.
Sweet Home ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Sweet Home is $177,500.
The median income in Sweet Home is $47,229.
According to the most recent data on the cost of living, Sweet Home has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Oregon, Sweet Home has a cost of living index that's 0.9x lower than Oregon's index of 116.
The standard of living in Sweet Home ranks as #15 most affordable out of the 98 places we measured in Oregon. By definition, that implies Sweet Home ranks as the #83 most expensive place in the Beaver State.
For more reading on life in Sweet Home, check out:
Six factors go into calculating the cost of living index in Sweet Home. Here is how it fairs on each of the criteria:
The Services index in Sweet Home is 120.
The Groceries index in Sweet Home is 111.
The Health index in Sweet Home is 118.
The Housing index in Sweet Home is 72.
The Transportation index in Sweet Home is 131.
The Utilities index in Sweet Home is 89.
|Living Expense||Sweet Home||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 Sweet Home is $177,500.
The Median Rent in Sweet Home is $1,016.
The Median Income in Sweet Home is $47,229.
The Home Value To Income in Sweet Home is 3.8x.
The Rent To Monthly Income in Sweet Home is 0.26x.
|Statistic||Sweet Home||Oregon||United States|
|Median Home Value||$177,500||$362,200||$244,900|
|Home Value To Income||3.8x||5.2x||3.5x|
|Rent To Monthly Income||0.26x||0.21x||0.2x|
The cost of living varies in the cities and towns around Sweet Home. 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 112, 1.1x Sweet Home.
Eugene, OR has a cost of living index of 118, 1.1x Sweet Home.
Springfield, OR has a cost of living index of 106, 1.0x Sweet Home.
|City||Population||Cost Of Living||Vs. Sweet Home|
|Four Corners, OR||16,608||107||1.0x|