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.
The above illustration supplies generalized information for the Wood Village, OR cost of living index. Compared to other cities in Oregon and cities across the country, the cost of living index in Wood Village, OR is 98, which is 14% lower than the Oregon average and 2% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Wood Village, OR are equal to the average for Oregon and 18% higher than the rest of the country.
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The cost of living in Wood Village is 14% lower than the Oregon average.
The cost of living in Wood Village is 2% lower than the national average.
The cost of housing in Wood Village is 28% 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.
Compare Wood Village, 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 is meant to help you compare your salary in Wood Village, OR to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Wood Village, OR, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wood Village, OR salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.
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 Wood Village, 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. Wood Village, OR has a median income of about $57,813 for people who own homes. Based on that number, a person should spend a maximum of $1,349 on expenses related to housing. Renters have a slightly different median income, which is $32,134. Based on this average, renters should spend no more than $750 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)
For those who live in Wood Village, OR and want to know what the true cost of living is, they ought to look at both the Oregon income tax rate and the Oregon sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Oregon, the sales tax is 0%, while the most you'll pay in surtax is 0%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Oregon, the income tax rate ranges between 5% 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.