Housing costs in Newberg?
A typical home costs
$513,700, which is 51.9% more expensive than the national average of
$338,100 and 9.7% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Newberg costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and 10.1% more than the state average of
$1,520.
Can I afford Newberg?
To live comfortably in Newberg, Oregon, a minimum annual income of
$98,280 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Newberg?
Newberg, OR has an affordable cost of living compared to other areas in Oregon. The overall cost of living index for the city is estimated at 103.2 which is slightly higher than the national average of 100. However, when compared to nearby cities such as Portland and Salem, Newberg stands out as a much more affordable option for residents. Housing costs are particularly attractive with the median home price coming in just under $300k. In addition, utilities are relatively low and food prices remain competitive with other cities in the area. All in all, Newberg provides an excellent option for individuals and families looking for an affordable place to call home without sacrificing quality of life!