Cost Of Living in Banks, OR

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D+

23%

Overall NAT. AVG.

5%

Groceries NAT. AVG.

68%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Banks	Oregon	National
Cost of living	123	111	100
Groceries	105	104	100
Health care	103	105	100
Housing	168	124	100
Transportation	103	106	100
Utilities	104	106	100
Lifestyle & Entertainment	103	107	100
Household Items	105	104	100
Education & Childcare	105	109	100

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Homes For Sale In Banks, OR

41195 NW Banks Rd

Banks, OR

42057 NW Barton Ct

Banks, OR

51200 NW Staley Rd

Banks, OR

20270 NW Pihl Rd

Banks, OR

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Cost Of Living Quick Facts

The cost of living in Banks is 11% higher than the Oregon average
The cost of living in Banks is 23% higher than the national average
Banks housing is 68% higher than the national average
Oregon general sales tax is 100% lower than the national average
Oregon state income tax is 83% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$170,465	$14,205	$3,977	$5,114
Renters	$60,986	$5,082	$1,423	$1,830

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Gaston, OR	542	105	5.1%
King City, OR	4,445	119	19.2%
Scappoose, OR	7,693	125	25.3%
Cornelius, OR	13,194	121	21.1%
Forest Grove, OR	25,554	123	23.5%
Banks, OR	1,941	123	23.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Briarcliff, TX	1,941	128	28.5%
Chenoa, IL	1,942	88	11.7%
Stevensville, MT	1,942	102	1.9%
Carlin, NV	1,942	97	3.0%
Addison, NY	1,940	89	10.6%
Banks, OR	1,941	123	23.3%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Banks, OR

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Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Banks

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The best places in Oregon

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Median Income & Debt-To-Income Ratio

Oregon Sales Tax

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Nearby cities with low cost of living

Cities with similar population