Housing costs in Independence?
A typical home costs
$376,900, which is 11.5% more expensive than the national average of
$338,100 and 19.5% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Independence costs
$1,330 per month, which is 12.5% cheaper than the national average of
$1,520 and 6.0% more than the state average of
$1,250.
Can I afford Independence?
To live comfortably in Independence (zip 97351), Oregon, a minimum annual income of
$72,360 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Independence?
The cost of living in 97351 Independence, OR is relatively low compared to the national average. The median home value in 97351 is $212,200 and the median household income is $48,012. This reflects a pleasant balance between housing costs and income opportunities. There is also a low unemployment rate of 2.8%, so overall the area offers an affordable cost of living. In addition, groceries, health care and utilities costs are all below the national averages. Overall, residents of 97351 Independence, OR can enjoy a comfortable lifestyle at a reasonable price point.