Housing costs in Molalla?
A typical home costs
$474,000, which is 40.2% more expensive than the national average of
$338,100 and 1.2% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Molalla costs
$1,640 per month, which is 7.9% more than the national average of
$1,520 and 12.2% cheaper than the state average of
$1,840.
Can I afford Molalla?
To live comfortably in Molalla (zip 97038), Oregon, a minimum annual income of
$90,720 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Molalla?
The cost of living in 97038 Molalla, OR is quite affordable compared to other cities in the United States. The overall cost of living index is 85.7 which is significantly lower than the national average of 100. Housing costs are particularly low, with median home prices around $200,000 and a relatively low monthly rent for a two-bedroom apartment averaging just over $1000. Groceries and healthcare expenses are also relatively low, making it easy to manage household budgets in this area. Additionally, taxes tend to be on the lower side with only a 7% income tax rate for most residents. All together, Molalla offers an affordable cost of living that makes it an attractive option for many people looking to move or live in Oregon.