Mount Hood Village 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.
IndexMount Hood VillageOregonNational
Cost of living index118117100
IndexMount Hood VillageOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index128122100
Transportation index111111100
Utilities index8989100
An overview of the general cost of living index for Mount Hood Village, OR is displayed above for your reference. Residents in Mount Hood Village, OR enjoy a cost of living index of 118. This index is 1% higher than the Oregon average, and 18% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Mount Hood Village, OR, the average cost of goods and services is equal to it is in Oregon, and it is 22% higher than the national average.

Did you know?

  • The cost of living in Mount Hood Village is 1% higher than the Oregon average.
  • The cost of living in Mount Hood Village is 18% higher than the national average.
  • The cost of housing in Mount Hood Village is 28% 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 Mount Hood Village, OR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Mount Hood Village, 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 Mount Hood Village, OR, then you would need to earn more income in order to maintain the same standard of living. To use the Mount Hood Village, 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$65,179$5,432$1,521$1,956
Renters$33,788$2,816$788$1,014
If you want to find a good determining factor for the cost of living and the general affordability of housing in Mount Hood Village, 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 Mount Hood Village, OR, the median monthly income is $65,179 for those who own their own homes. Under the standard rule, that income level would allow for $1,521 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $33,788, per the median income in the area. That would allow for renters to spend up to $788 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%
The Oregon sales tax and Oregon income tax rates should definitely be considered when determining the overall cost of living in Mount Hood Village, OR. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Oregon sales tax is 0% and the maximum surtax is 0%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Oregon income tax rates range from 5% to 9.9%.

Goods & Services

ItemMount Hood VillageNational 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

ItemMount Hood VillageNational 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

ItemMount Hood VillageNational 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

ItemMount Hood VillageNational avg.Difference
Home Price $251,900.00$175,700.0043.4%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $855.00$920.007.1%

Transportation

ItemMount Hood VillageNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemMount Hood VillageNational 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.
Government Camp, OR8111414%
Sandy, OR9,94511616%
Mount Hood Village, OR5,41711818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Goshen, NY5,41712828%
Gretna, NE5,41695-5%
Palermo, CA5,41911818%
Fort Myers Shores, FL5,42090-10%
Harrah, OK5,41287-13%
Mount Hood Village, OR5,41711818%
Source: The Mount Hood Village, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.