B+
1%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Altamont Oregon National
Cost of living99111100
Goods & Services104105100
Groceries107109100
Health care101105100
Housing88123100
Transportation107117100
Utilities9696100

An Overview of Cost of Living in Altamont, OR

Knowing the cost of living in Altamont allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Altamont stands at 99, marking it 1% lower than the national average.

The cost of living in Altamont is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Altamont Affordable?

Is Altamont an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Altamont is 11.9% lower than the national average, while the average monthly rent prices are 13.1% lower than average. The affordability of any location can also be influenced by median income levels. Altamont has a median household income of $48,285, which is 12.7% lower than the national average.

What Factors can Influence the Cost of Living in Altamont?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Altamont, the transportation index is 6.8% higher than the national average.

Where is the Data From?

The Altamont cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Altamont is 11% lower than the Oregon average
  • The cost of living in Altamont is 1% lower than the national average
  • Altamont housing is 12% lower than the national average
  • Oregon general sales tax is 100% lower than the national average
  • Oregon state income tax is 111% higher than the national average

Most Affordable Places to Live in and Around Altamont

See all the best places to live around Altamont

Compare Altamont, OR Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$53,461$4,455$1,247$1,604
      Renters$36,382$3,032$849$1,092
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Altamont, OR, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Altamont, homeowners have a median income of $53,461. Using that number, a maximum of $1,247 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $36,382, which means there is a maximum of $849 to be spent on the costs of renting a home or apartment.

      Oregon Sales Tax

      State General Sales Tax With Max Surtax
      Oregon 0% 0%

      Oregon Income Tax

      State Income Tax (Low) Income Tax (High)
      Oregon 4.75% 9.9%

      Goods & Services

      Item Altamont National avg. Difference
      Haircut $27.36$24.2612.8%
      Beauty Salon $43.93$45.563.6%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.52$1.2818.4%
      Movie $11.07$12.138.8%
      Bowling $19.22$18.006.8%

      Groceries

      Item Altamont National avg. Difference
      Ground Beef $5.60$5.844.1%
      Fried Chicken $2.03$1.5728.8%
      Milk $4.82$4.673.2%
      Potatoes $4.42$4.9310.5%
      Pizza $12.91$12.096.8%
      Beer $12.06$10.4115.8%

      Health Care

      Item Altamont National avg. Difference
      Optometrist $128.83$125.682.5%
      Doctor $133.80$135.781.5%
      Dentist $129.67$113.2914.5%
      Ibuprofen $11.33$10.656.4%
      Lipitor $359.57$468.6023.3%

      Housing

      Item Altamont National avg. Difference
      Home Price $162,700.00$184,700.0011.9%
      Avg. Mortgage Payment $3,144.31$2,346.6934.0%
      Apartment Rent $825.00$949.0013.1%

      Transportation

      Item Altamont National avg. Difference
      Gasoline $4.01$3.4615.9%
      Tire Balancing $50.89$59.9215.1%

      Utilities

      Item Altamont National avg. Difference
      All Electricity $184.23$193.995.0%
      Phone $184.96$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Merrill, OR697909.5%
      Klamath Falls, OR21,5091000.2%
      Altamont, OR18,982991.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cimarron Hills, CO18,98111211.6%
      Stevenson Ranch, CA18,98019291.8%
      Lexington, NC18,9708514.9%
      Troy, AL18,995919.3%
      Sainte-Catherine, QC19,000n/a 
      Altamont, OR18,982991.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.