Housing costs in Monmouth?
A typical home costs
$405,900, which is 20.1% more expensive than the national average of
$338,100 and 13.3% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Monmouth costs
$1,280 per month, which is 15.8% cheaper than the national average of
$1,520 and 2.3% more than the state average of
$1,250.
Can I afford Monmouth?
To live comfortably in Monmouth (zip 97361), Oregon, a minimum annual income of
$77,760 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Monmouth?
The cost of living in 97361 Monmouth, OR is very affordable. The median home value is around $255,500 which is significantly lower than the national average. Renting a one-bedroom apartment in the city center costs an average of $895 per month while outside the city there are apartments with monthly rates as low as $625. Grocery and restaurant prices are also quite reasonable compared to other cities, making it an ideal place for people to live on a budget. With low property taxes and no state income tax, residents can enjoy a comfortable lifestyle at an affordable cost.