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.
Here we can see a simple outline of the cost of living in McMinnville, OR. As you can see, with the average cost of living in McMinnville, OR being 108, that puts it 5% lower than the average of Oregon and 8% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of McMinnville, OR, the price of goods and services are equal to the average of Oregon as well as 18% higher than the nation's average.
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Did you know?
The cost of living in McMinnville is 5% lower than the Oregon average.
The cost of living in McMinnville is 8% higher than the national average.
The cost of housing in McMinnville is 3% 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.
Compare McMinnville, OR Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator allows you to compare how much your current salary in McMinnville, OR would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than McMinnville, OR, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The McMinnville, OR salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in McMinnville, OR, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. McMinnville, OR has a median income of about $62,305 for people who own homes. Based on that number, a person should spend a maximum of $1,454 on expenses related to housing. Renters have a slightly different median income, which is $32,083. Based on this average, renters should spend no more than $749 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Oregon Sales Tax
General Sales Tax
With Max Surtax
Oregon Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in McMinnville, OR, it's important to take into account the sales tax for Oregon, as well as the rate for income tax in Oregon. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Oregon is 0%, and the sales tax in the state of Oregon is 0%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Oregon starts from 5% and goes up to 9.9%.
Goods & Services
Avg. Mortgage Payment
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.