C
15%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Central Point Oregon National
Cost of living115111100
Goods & Services104105100
Groceries107109100
Health care101105100
Housing144123100
Transportation107117100
Utilities9696100

An Overview of Cost of Living in Central Point, OR

Knowing the cost of living in Central Point allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Central Point stands at 115, marking it 15% higher than the national average.

When it comes to the cost of living in Central Point, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 43.7% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Central Point Affordable?

Is Central Point affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Central Point, for instance, where the median home price falls 56.7% higher than the national average, and monthly rent rates are 13.4% higher than usual. Additionally, median income levels contribute to the equation, with Central Point flaunting a median household income of $73,015, 32% higher than the national norm.

What Factors can Influence the Cost of Living in Central Point?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Central Point, the groceries index is 7% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Central Point, healthcare costs are 0.9% higher than the national average.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Central Point, the transportation index is 6.8% higher than the national average.

Where is the Data From?

The Central Point cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Central Point is 4% higher than the Oregon average
  • The cost of living in Central Point is 15% higher than the national average
  • Central Point housing is 44% higher than the national average
  • Oregon general sales tax is 100% lower than the national average
  • Oregon state income tax is 83% higher than the national average

Most Affordable Places to Live in and Around Central Point

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Compare Central Point, OR Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$82,733$6,894$1,930$2,482
      Renters$45,176$3,765$1,054$1,355
      The affordability of the housing market in Central Point, OR as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Central Point homeowners, the median income is $82,733. This indicates that a monthly maximum of $1,930 should be spent by homeowners on all housing related costs. Renters have a median income of $45,176. This indicates that renters would have a maximum of $1,054 for their rent related monthly costs.

      Oregon Sales Tax

      State General Sales Tax With Max Surtax
      Oregon 0% 0%

      Oregon Income Tax

      State Income Tax (Low) Income Tax (High)
      Oregon 4.75% 9.9%

      Goods & Services

      Item Central Point National avg. Difference
      Haircut $27.36$24.2612.8%
      Beauty Salon $43.93$45.563.6%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.52$1.2818.4%
      Movie $11.07$12.138.8%
      Bowling $19.22$18.006.8%

      Groceries

      Item Central Point National avg. Difference
      Ground Beef $5.60$5.844.1%
      Fried Chicken $2.03$1.5728.8%
      Milk $4.82$4.673.2%
      Potatoes $4.42$4.9310.5%
      Pizza $12.91$12.096.8%
      Beer $12.06$10.4115.8%

      Health Care

      Item Central Point National avg. Difference
      Optometrist $128.83$125.682.5%
      Doctor $133.80$135.781.5%
      Dentist $129.67$113.2914.5%
      Ibuprofen $11.33$10.656.4%
      Lipitor $359.57$468.6023.3%

      Housing

      Item Central Point National avg. Difference
      Home Price $289,400.00$184,700.0056.7%
      Avg. Mortgage Payment $3,144.31$2,346.6934.0%
      Apartment Rent $1,076.00$949.0013.4%

      Transportation

      Item Central Point National avg. Difference
      Gasoline $4.01$3.4615.9%
      Tire Balancing $50.89$59.9215.1%

      Utilities

      Item Central Point National avg. Difference
      All Electricity $184.23$193.995.0%
      Phone $184.96$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Rogue River, OR1,770990.7%
      White City, OR9,5061021.9%
      Phoenix, OR4,6241043.8%
      Talent, OR6,5531088.1%
      Gold Hill, OR1,1991109.8%
      Central Point, OR18,64811515.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Westminster, MD18,64911111.2%
      Deux-Montagnes, QC18,650n/a 
      Homewood, IL18,6561010.7%
      Petawawa, ON18,660n/a 
      Cedar Mill, OR18,66116867.9%
      Central Point, OR18,64811515.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.