McMinnville, OR

Average · 104

Oregon · Population 34,493 · Updated March 2026

$1,290
Median Rent / Month
$70,060
Median Income
$391,100
Median Home Value
$1,348
Owner Costs / Month

Affordability

How far your income goes in McMinnville

22.1%
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

$15,480
Annual Rent
$6,936
State Income Tax
$3,637
Property Tax (est.)

Cost of Living Overview

McMinnville has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 104 (where 100 equals the national median), McMinnville residents can expect to pay median rent of $1,290/month while earning a median household income of $70,060/year.

The median home value in McMinnville, OR is $391,100, with typical monthly owner costs around $1,348 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.1% 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 McMinnville.

Frequently Asked Questions

Common questions about living costs in McMinnville

What is the cost of living in McMinnville, OR?
The cost of living index in McMinnville, OR is 104 (US average = 100). Median monthly rent is $1,290, median household income is $70,060/year, and the median home value is $391,100.
Is McMinnville, OR affordable?
No, McMinnville is more expensive than the national average with a cost index of 104. The rent-to-income ratio is 22.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in McMinnville, OR?
The median gross rent in McMinnville, OR is $1,290 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,480.
What is the median household income in McMinnville?
The median household income in McMinnville, OR is $70,060 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%.