D+
28%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
72%
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 Gladstone Oregon National
Cost of living128111100
Goods & Services106105100
Groceries111109100
Health care110105100
Housing172123100
Transportation126117100
Utilities9696100

An Overview of Cost of Living in Gladstone, OR

Getting a feel for the cost of living in Gladstone is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Gladstone is 128, which is 28% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If you value affordability in your search for a new place to live, Gladstone may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Gladstone falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs significantly influence the Gladstone cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 72.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Gladstone is even less favorable, with grocery prices here being 10.5% higher than the national average.

Is Gladstone Affordable?

Is Gladstone an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Gladstone is 82.5% higher than the national average, while the average monthly rent prices are 48.5% higher than average. The affordability of any location can also be influenced by median income levels. Gladstone has a median household income of $69,266, which is 25.2% higher than the national average.

What Factors can Influence the Cost of Living in Gladstone?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Gladstone, the housing index is 72.3% higher than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Gladstone, the groceries index is 10.5% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Gladstone, the transportation index stands at 26.3% higher than the national average.

Where is the Data From?

The Gladstone 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Gladstone is 15% higher than the Oregon average
  • The cost of living in Gladstone is 28% higher than the national average
  • Gladstone housing is 72% 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 Gladstone

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Compare Gladstone, OR Cost of Living

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      Salary Calculator

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      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$95,602$7,967$2,231$2,868
      Renters$42,048$3,504$981$1,262
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Gladstone, OR, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Gladstone, homeowners have a median income of $95,602. Using that number, a maximum of $2,231 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $42,048, which means there is a maximum of $981 to be spent on the costs of renting a home or apartment.

      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 Gladstone 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 Gladstone 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 Gladstone 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 Gladstone National avg. Difference
      Home Price $337,000.00$184,700.0082.5%
      Avg. Mortgage Payment $3,332.86$2,346.6942.0%
      Apartment Rent $1,409.00$949.0048.5%

      Transportation

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

      Utilities

      Item Gladstone 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.
      Barlow, OR1851098.6%
      Johnson City, OR5398514.6%
      Donald, OR1,4651098.9%
      Wood Village, OR4,0691099.0%
      Hubbard, OR3,52712121.2%
      Gladstone, OR12,31612827.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Effingham, IL12,3108317.4%
      Ottawa, KS12,3088613.8%
      Saddlebrooke, AZ12,32713333.2%
      Speedway, IN12,327928.4%
      Tamalpais-Homestead Valley, CA12,331265164.8%
      Gladstone, OR12,31612827.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.