Housing costs in Nehalem?
A typical home costs
$523,000, which is 54.7% more expensive than the national average of
$338,100 and 11.7% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Nehalem costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,520.
Can I afford Nehalem?
To live comfortably in Nehalem (zip 97131), Oregon, a minimum annual income of
$100,080 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Nehalem?
The cost of living in 97131 Nehalem, OR is moderate overall. As of June 2020, the median home value in the area was $241,400, lower than the national median of $272,000. The median rent was also moderately priced at $1,295. The cost of goods and services is about 9% lower than the national average. On top of that, Oregon’s income tax rate is among the lowest in the nation and unemployment rates are relatively low. All these factors make Nehalem a great place to live for those who want to save money while still enjoying a nice quality of life.