| Index | Monmouth | Oregon | National |
| Cost of living | 114 | 111 | 100 |
| Groceries | 105 | 104 | 100 |
| Health care | 107 | 105 | 100 |
| Housing | 131 | 124 | 100 |
| Transportation | 105 | 106 | 100 |
| Utilities | 110 | 106 | 100 |
| Lifestyle & Entertainment | 104 | 107 | 100 |
| Household Items | 107 | 104 | 100 |
| Education & Childcare | 110 | 109 | 100 |
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 114, making it 14% 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 significantly influence the Monmouth cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 31%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Locals have the inside scoop on their city. So, we polled 8 residents in Monmouth to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 38% find it reasonable with decreasing prices, but 63% think it's quite pricey, with prices that continue to rise.
Is Monmouth affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Monmouth, for instance, where the median home price falls 41.9% higher than the national average, and monthly rent rates are 5.5% higher than usual. Additionally, median income levels contribute to the equation, with Monmouth flaunting a median household income of $69,870, 14.1% lower than the national norm.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Monmouth, the transportation index stands at 4.8% higher than the national average.
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 5.4% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Monmouth, the general sales tax rate starts at 0%, and income tax rates begin at 4.75%.
The Monmouth cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $121,973 | $10,164 | $2,846 | $3,660 |
| Renters | $48,162 | $4,014 | $1,124 | $1,445 |
| State | General Sales Tax | With Max Surtax |
| Oregon | 0% | 0% |
| State | Income Tax (Low) | Income Tax (High) |
| Oregon | 4.75% | 9.9% |
| City | Population | Cost of Living Index | National Avg. |
| Rickreall, OR | 0 | 107 | 6.6% |
| Kings Valley, OR | 200 | 109 | 8.6% |
| Eola, OR | 0 | 107 | 6.6% |
| Falls City, OR | 1,535 | 104 | 3.8% |
| Labish Village, OR | 505 | 103 | 3.2% |
| Monmouth, OR | 10,787 | 114 | 13.9% |
| City | Population | Cost of Living Index | National Avg. |
| Cape Canaveral, FL | 10,786 | 112 | 11.6% |
| Morinville, AB | 10,788 | n/a | |
| Budd Lake, NJ | 10,790 | 129 | 28.7% |
| Pleasant View, UT | 10,791 | 121 | 21.4% |
| Oregon, WI | 10,780 | 111 | 11.2% |
| Monmouth, OR | 10,787 | 114 | 13.9% |
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