Altamont, OR

Very Low · 70

Oregon · Population 19,844 · Updated March 2026

$998
Median Rent / Month
$56,236
Median Income
$222,600
Median Home Value
$993
Owner Costs / Month

Affordability

How far your income goes in Altamont

21.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$11,976
Annual Rent
$5,567
State Income Tax
$2,070
Property Tax (est.)

Cost of Living Overview

Altamont is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 70 (where 100 equals the national median), Altamont residents can expect to pay median rent of $998/month while earning a median household income of $56,236/year.

The median home value in Altamont, OR is $222,600, with typical monthly owner costs around $993 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Altamont.

Frequently Asked Questions

Common questions about living costs in Altamont

What is the cost of living in Altamont, OR?
The cost of living index in Altamont, OR is 70 (US average = 100). Median monthly rent is $998, median household income is $56,236/year, and the median home value is $222,600.
Is Altamont, OR affordable?
Yes, Altamont is more affordable than the national average with a cost index of 70. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Altamont, OR?
The median gross rent in Altamont, OR is $998 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,976.
What is the median household income in Altamont?
The median household income in Altamont, OR is $56,236 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.