C+
23%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
57%
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 Cornelius Oregon National
Cost of living123111100
Goods & Services106105100
Groceries111109100
Health care110105100
Housing157123100
Transportation126117100
Utilities9696100

An Overview of Cost of Living in Cornelius, OR

The cost of living in Cornelius affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Cornelius is 123, which is 23% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you prioritize affordability when seeking a new place to live, Cornelius may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Cornelius falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a very significant part of the Cornelius cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 57.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Cornelius, the news isn't any better as grocery prices are 10.5% higher than the national average.

Is Cornelius Affordable?

Wondering if Cornelius is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Cornelius, for example, the median home price is 63.3% higher than what folks pay nationally, and monthly rent is 43.6% higher than the usual rates. Plus, income levels matter too, with Cornelius boasting a median household income of $72,788, which is 31.6% higher than the national average.

What Factors can Influence the Cost of Living in Cornelius?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Cornelius, the transportation index is 26.3% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Cornelius, healthcare costs are 9.6% higher than the national average.

Where is the Data From?

The cost of living data in Cornelius displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Cornelius is 11% higher than the Oregon average
  • The cost of living in Cornelius is 23% higher than the national average
  • Cornelius housing is 57% 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 Cornelius

See all the best places to live around Cornelius

Compare Cornelius, 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$86,136$7,178$2,010$2,584
      Renters$42,072$3,506$982$1,262
      A good indicator of the general affordability of housing in Cornelius, OR, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Cornelius, the median monthly income is $86,136 for those who own their own homes. Under the standard rule, that income level would allow for $2,010 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $42,072, per the median income in the area. That would allow for renters to spend up to $982 on monthly rental expenses.

      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 Cornelius National avg. Difference
      Haircut $41.22$24.2669.9%
      Beauty Salon $60.58$45.5633.0%
      Toothpaste $3.63$3.702.0%
      Shampoo $1.53$1.2819.5%
      Movie $12.98$12.136.9%
      Bowling $18.31$18.001.7%

      Groceries

      Item Cornelius National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $2.03$1.5728.8%
      Milk $5.04$4.677.9%
      Potatoes $4.39$4.9311.1%
      Pizza $12.21$12.091.0%
      Beer $12.07$10.4115.9%

      Health Care

      Item Cornelius National avg. Difference
      Optometrist $131.94$125.685.0%
      Doctor $188.49$135.7838.8%
      Dentist $115.08$113.291.6%
      Ibuprofen $11.58$10.658.7%
      Lipitor $386.53$468.6017.5%

      Housing

      Item Cornelius National avg. Difference
      Home Price $301,600.00$184,700.0063.3%
      Avg. Mortgage Payment $3,332.86$2,346.6942.0%
      Apartment Rent $1,363.00$949.0043.6%

      Transportation

      Item Cornelius National avg. Difference
      Gasoline $4.16$3.4620.3%
      Tire Balancing $84.45$59.9240.9%

      Utilities

      Item Cornelius National avg. Difference
      All Electricity $182.73$193.995.8%
      Phone $190.36$192.251.0%
      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.
      Gaston, OR5261088.4%
      Yamhill, OR1,33611919.2%
      King City, OR4,34512323.0%
      Forest Grove, OR24,84712626.4%
      Banks, OR1,89712626.5%
      Cornelius, OR12,76712323.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cypress Lake, FL12,7661033.4%
      Manorville, NY12,76414242.2%
      Amos, QC12,770n/a 
      Harrison, OH12,763982.1%
      Trinity, FL12,76112221.6%
      Cornelius, OR12,76712323.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.