Happy Valley 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.
IndexHappy ValleyOregonNational
Cost of living index138117100
IndexHappy ValleyOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index194122100
Transportation index111111100
Utilities index8989100
A general overview of the cost of living index for Happy Valley, OR is displayed above. In Happy Valley, OR, the overall cost of living index is 138, which is 18% higher than the Oregon average and 38% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Happy Valley, OR, the city's goods and services are equal to the Oregon average and 22% higher than the U.S. average.

Did you know?

  • The cost of living in Happy Valley is 18% higher than the Oregon average.
  • The cost of living in Happy Valley is 38% higher than the national average.
  • The cost of housing in Happy Valley is 94% 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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Compare Happy Valley, OR Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Happy Valley, OR to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Happy Valley, OR, then you would need to earn more income in order to maintain the same standard of living. To use the Happy Valley, OR salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$108,926$9,077$2,541$3,268
Renters$42,917$3,576$1,001$1,288
If you want to find a good determining factor for the cost of living and the general affordability of housing in Happy Valley, OR, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Happy Valley, OR, the median monthly income is $108,926 for those who own their own homes. Under the standard rule, that income level would allow for $2,541 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $42,917, per the median income in the area. That would allow for renters to spend up to $1,001 on monthly rental expenses.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
When you are determining the total cost of living in Happy Valley, OR you will want to make sure you consider both the Oregon sales tax and the Oregon income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Oregon is 0%, with the highest surtax being 0%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Oregon have a range from 5% to 9.9%.

Goods & Services

ItemHappy ValleyNational 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

ItemHappy ValleyNational 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

ItemHappy ValleyNational 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

ItemHappy ValleyNational avg.Difference
Home Price $390,600.00$175,700.00122.3%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $1,167.00$920.0026.8%

Transportation

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

Utilities

ItemHappy ValleyNational 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.
Johnson City, OR57389-11%
Wood Village, OR3,9461033%
King City, OR3,35111111%
Estacada, OR2,86011212%
Vancouver, WA165,55411313%
Happy Valley, OR15,69313838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lebanon, IN15,68887-13%
Buffalo, MN15,7101011%
La Grange, IL15,67513636%
Elkton, MD15,6731088%
Sulphur Springs, TX15,67382-18%
Happy Valley, OR15,69313838%
Source: The Happy Valley, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.