C
12%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
32%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Monmouth Oregon National
Cost of living112111100
Goods & Services104105100
Groceries107109100
Health care101105100
Housing132123100
Transportation107117100
Utilities9696100

An Overview of Cost of Living in Monmouth, OR

Are you thinking about relocating, but curious about the potential cost of living in Monmouth? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Monmouth stands at 112, making it 12% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs are a major factor in the Monmouth cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 31.8% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Monmouth Affordable?

Wondering if Monmouth is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Monmouth, for example, the median home price is 42.2% higher than what folks pay nationally, and monthly rent is 7.7% higher than the usual rates. Plus, income levels matter too, with Monmouth boasting a median household income of $47,585, which is 14% lower than the national average.

What Factors can Influence the Cost of Living in Monmouth?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Monmouth, healthcare costs are 0.9% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Monmouth, the groceries index is 7% higher than the national average.

Where is the Data From?

The Monmouth cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Monmouth is 1% higher than the Oregon average
  • The cost of living in Monmouth is 12% higher than the national average
  • Monmouth housing is 32% higher than the national average
  • Oregon general sales tax is 100% lower than the national average
  • Oregon state income tax is 111% higher than the national average

Most Affordable Places to Live in and Around Monmouth

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Compare Monmouth, OR Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,071$6,756$1,892$2,432
      Renters$32,666$2,722$762$980
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monmouth, 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 Monmouth homeowners, is $81,071. This would allow for a maximum of $1,892 per month to be spent on housing costs. For renters, the median monthly income is $32,666 which would result in a maximum of $762 to be spent on rental costs.

      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%

      Goods & Services

      Item Monmouth National avg. Difference
      Haircut $27.36$24.2612.8%
      Beauty Salon $43.93$45.563.6%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.52$1.2818.4%
      Movie $11.07$12.138.8%
      Bowling $19.22$18.006.8%

      Groceries

      Item Monmouth National avg. Difference
      Ground Beef $5.60$5.844.1%
      Fried Chicken $2.03$1.5728.8%
      Milk $4.82$4.673.2%
      Potatoes $4.42$4.9310.5%
      Pizza $12.91$12.096.8%
      Beer $12.06$10.4115.8%

      Health Care

      Item Monmouth National avg. Difference
      Optometrist $128.83$125.682.5%
      Doctor $133.80$135.781.5%
      Dentist $129.67$113.2914.5%
      Ibuprofen $11.33$10.656.4%
      Lipitor $359.57$468.6023.3%

      Housing

      Item Monmouth National avg. Difference
      Home Price $262,600.00$184,700.0042.2%
      Avg. Mortgage Payment $3,144.31$2,346.6934.0%
      Apartment Rent $1,022.00$949.007.7%

      Transportation

      Item Monmouth National avg. Difference
      Gasoline $4.01$3.4615.9%
      Tire Balancing $50.89$59.9215.1%

      Utilities

      Item Monmouth National avg. Difference
      All Electricity $184.23$193.995.0%
      Phone $184.96$192.253.8%
      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 Population Cost of Living Index National Avg.
      Rickreall, OR01098.6%
      Kings Valley, OR1941033.3%
      Eola, OR01098.6%
      Falls City, OR1,4961010.9%
      Labish Village, OR4911065.6%
      Monmouth, OR10,41111211.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cape Canaveral, FL10,4111076.6%
      Portage, WI10,412981.9%
      Mono, ON10,413n/a 
      Frederick, CO10,41412929.3%
      Fort Madison, IA10,4078614.4%
      Monmouth, OR10,41111211.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.