Damascus, OR

Very High · 184

Oregon · Population 10,888 · Updated March 2026

$2,554
Median Rent / Month
$112,774
Median Income
$637,100
Median Home Value
$2,358
Owner Costs / Month

Affordability

How far your income goes in Damascus

27.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$30,648
Annual Rent
$11,165
State Income Tax
$5,925
Property Tax (est.)

Cost of Living Overview

Damascus has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 184 (where 100 equals the national median), Damascus residents can expect to pay median rent of $2,554/month while earning a median household income of $112,774/year.

The median home value in Damascus, OR is $637,100, with typical monthly owner costs around $2,358 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.2%, Damascus falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Damascus.

Frequently Asked Questions

Common questions about living costs in Damascus

What is the cost of living in Damascus, OR?
The cost of living index in Damascus, OR is 184 (US average = 100). Median monthly rent is $2,554, median household income is $112,774/year, and the median home value is $637,100.
Is Damascus, OR affordable?
No, Damascus is more expensive than the national average with a cost index of 184. The rent-to-income ratio is 27.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Damascus, OR?
The median gross rent in Damascus, OR is $2,554 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $30,648.
What is the median household income in Damascus?
The median household income in Damascus, OR is $112,774 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%.