F
43%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
125%
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 Oak Hills Oregon National
Cost of living143111100
Goods & Services106105100
Groceries111109100
Health care110105100
Housing225123100
Transportation126117100
Utilities9696100

An Overview of Cost of Living in Oak Hills, OR

Understanding the cost of living in Oak Hills can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Oak Hills cost of living index is 143, which is 43% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Oak Hills is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Oak Hills falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Oak Hills, 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 124.7% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Oak Hills, it's the same story – grocery costs are 10.5% higher than what people pay across the country.

Is Oak Hills Affordable?

Is Oak Hills an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Oak Hills, the median home price is 153.7% higher than what most folks pay across the country, and monthly rent prices are 57.1% higher than the usual rates. Income levels in Oak Hills come in at $101,378, which is 83.3% higher than the national average.

What Factors can Influence the Cost of Living in Oak Hills?

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Oak Hills, the baseline sales tax rate begins at 0%, and income tax rates start at 4.75%.

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 Oak Hills, the groceries index is 10.5% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Oak Hills, the utilities index registers 3.8% lower than the national average.

Where is the Data From?

The cost of living data in Oak Hills 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 Oak Hills is 29% higher than the Oregon average
  • The cost of living in Oak Hills is 43% higher than the national average
  • Oak Hills housing is 125% 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 Oak Hills

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Compare Oak Hills, 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$134,457$11,205$3,137$4,034
      Renters$55,938$4,662$1,305$1,678
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oak Hills, 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 Oak Hills, homeowners have a median income of $134,457. Using that number, a maximum of $3,137 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $55,938, which means there is a maximum of $1,305 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 Oak Hills 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 Oak Hills 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 Oak Hills 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 Oak Hills National avg. Difference
      Home Price $468,500.00$184,700.00153.7%
      Avg. Mortgage Payment $3,332.86$2,346.6942.0%
      Apartment Rent $1,491.00$949.0057.1%

      Transportation

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

      Utilities

      Item Oak Hills 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.
      Johnson City, OR5398514.6%
      Gaston, OR5261088.4%
      Walnut Grove, WA9,32411313.0%
      King City, OR4,34512323.0%
      Scappoose, OR7,43612323.2%
      Oak Hills, OR11,68214343.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Shiloh, OH11,6818811.8%
      North Dumfries, ON11,684n/a 
      Emeryville, CA11,67916968.9%
      Martensville, SK11,678n/a 
      Excelsior Springs, MO11,6888910.9%
      Oak Hills, OR11,68214343.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.