Talent 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.
IndexTalentOregonNational
Cost of living index109117100
IndexTalentOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index98122100
Transportation index111111100
Utilities index8989100
Displayed above is a general overview of the Talent, OR cost of living index. The overall cost of living index in Talent, OR is 109, which is 6% lower than the Oregon average and 9% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Talent, OR are equal to the Oregon average and 22% higher than the national average.

Did you know?

  • The cost of living in Talent is 6% lower than the Oregon average.
  • The cost of living in Talent is 9% higher than the national average.
  • The cost of housing in Talent is 2% lower 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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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
Use the salary calculator to compare your current income in Talent, OR to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Talent, OR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Talent, OR salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,375$3,281$919$1,181
Renters$23,462$1,955$547$704
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Talent, OR as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Talent, OR homeowners, is $39,375. This would allow for a maximum of $919 per month to be spent on housing costs. For renters, the median monthly income is $23,462 which would result in a maximum of $547 to be spent on rental costs.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
When assessing the complete cost of living in Talent, OR, the Oregon income tax and the Oregon sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Oregon maximum surtax is 0%, and the Oregon sales tax is 0%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5% to 9.9% in Oregon.

Goods & Services

ItemTalentNational 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

ItemTalentNational 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

ItemTalentNational 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

ItemTalentNational avg.Difference
Home Price $165,600.00$175,700.005.7%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $992.00$920.007.8%

Transportation

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

Utilities

ItemTalentNational 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.
Gold Hill, OR1,0541044%
White City, OR8,3551044%
Phoenix, OR4,4651088%
Central Point, OR17,44311111%
Medford, OR76,64811313%
Talent, OR6,1641099%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Los Fresnos, TX6,16476-24%
Lee Acres, NM6,16487-13%
Monticello, KY6,16377-23%
Willard, OH6,16381-19%
Hartford City, IN6,16678-22%
Talent, OR6,1641099%
Source: The Talent, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.