Housing costs in Gearhart?
A typical home costs
$613,100, which is 81.3% more expensive than the national average of
$338,100 and 30.9% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Gearhart costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 23.6% cheaper than the state average of
$1,520.
Can I afford Gearhart?
To live comfortably in Gearhart, Oregon, a minimum annual income of
$117,360 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Gearhart?
The cost of living in Gearhart, OR is quite reasonable. The median home value is $375,678, which is lower than the Oregon state median of $392,000. Additionally, the median household income in Gearhart is slightly higher than the national average at $67,714. The cost of living index for Gearhart is 108.8 which is slightly higher than the national average of 100 but still significantly lower than other areas within Oregon. In addition to this, the prices for basic goods such as groceries and gas are lower compared to some other cities in Oregon. All of these factors make living in Gearhart a much more affordable option when compared to other locations in the state.