Housing costs in Newberg?
A typical home costs
$497,300, which is 47.1% more expensive than the national average of
$338,100 and 6.2% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Newberg costs
$1,660 per month, which is 9.2% more than the national average of
$1,520 and 10.8% cheaper than the state average of
$1,840.
Can I afford Newberg?
To live comfortably in Newberg (zip 97132), Oregon, a minimum annual income of
$95,400 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Newberg?
The cost of living in 97132 Newberg, OR is relatively low compared to other cities in the state. The median home value is around $321,400, which is slightly lower than the national average of $231,200. The overall cost of living index is 83.2, which is 17 points lower than the U.S. average of 100. Groceries and healthcare are two of the most expensive items here, with costs that are close to the national average. Transportation and utilities are cheaper than the average for Oregon but still higher than the U.S. averages due to its rural location outside of Portland and Salem. Overall, 97132 Newberg remains one of the more affordable places to live in Oregon.