Banks cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBanksOregonNational
Cost of living index116117100
IndexBanksOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index119122100
Transportation index111111100
Utilities index8989100

Did you know?

  • The cost of living in Banks is 1% lower than the Oregon average.
  • The cost of living in Banks is 16% higher than the national average.
  • The cost of housing in Banks is 19% higher than the national average.
  • Oregon general sales tax is 100% lower than the national average.
  • Oregon state income tax is 125% higher than the national average.

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,658$7,138$1,999$2,570
Renters$48,654$4,055$1,135$1,460

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%

Goods & Services

ItemBanksNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemBanksNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemBanksNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemBanksNational avg.Difference
Home Price $227,200.00$175,700.0029.3%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $872.00$920.005.2%

Transportation

ItemBanksNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemBanksNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
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, StatePopulationCost of Living IndexNational Avg.
Cornelius, OR12,06811010%
King City, OR3,35111111%
Gaston, OR70311111%
Forest Grove, OR22,07011414%
North Plains, OR1,86811515%
Banks, OR1,69911616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Zilwaukee, MI1,69984-16%
Collinsville, MS1,69984-16%
Stuart, IA1,69981-19%
Westwood, KS1,6991033%
Clancy, MT1,69911010%
Banks, OR1,69911616%
Source: The Banks, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.