Independence, OR

Above Avg · 111

Oregon · Population 10,088 · Updated March 2026

$1,585
Median Rent / Month
$79,158
Median Income
$345,200
Median Home Value
$1,597
Owner Costs / Month

Affordability

How far your income goes in Independence

24.0%
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

$19,020
Annual Rent
$7,837
State Income Tax
$3,210
Property Tax (est.)

Cost of Living Overview

Independence is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Independence residents can expect to pay median rent of $1,585/month while earning a median household income of $79,158/year.

The median home value in Independence, OR is $345,200, with typical monthly owner costs around $1,597 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.0% 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 Independence.

Frequently Asked Questions

Common questions about living costs in Independence

What is the cost of living in Independence, OR?
The cost of living index in Independence, OR is 111 (US average = 100). Median monthly rent is $1,585, median household income is $79,158/year, and the median home value is $345,200.
Is Independence, OR affordable?
No, Independence is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 24.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Independence, OR?
The median gross rent in Independence, OR is $1,585 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,020.
What is the median household income in Independence?
The median household income in Independence, OR is $79,158 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%.