Milwaukie, OR

Above Avg · 124

Oregon · Population 21,256 · Updated March 2026

$1,499
Median Rent / Month
$82,422
Median Income
$477,200
Median Home Value
$1,642
Owner Costs / Month

Affordability

How far your income goes in Milwaukie

21.8%
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

$17,988
Annual Rent
$8,160
State Income Tax
$4,438
Property Tax (est.)

Cost of Living Overview

Milwaukie has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 124 (where 100 equals the national median), Milwaukie residents can expect to pay median rent of $1,499/month while earning a median household income of $82,422/year.

The median home value in Milwaukie, OR is $477,200, with typical monthly owner costs around $1,642 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% 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 Milwaukie.

Frequently Asked Questions

Common questions about living costs in Milwaukie

What is the cost of living in Milwaukie, OR?
The cost of living index in Milwaukie, OR is 124 (US average = 100). Median monthly rent is $1,499, median household income is $82,422/year, and the median home value is $477,200.
Is Milwaukie, OR affordable?
No, Milwaukie is more expensive than the national average with a cost index of 124. The rent-to-income ratio is 21.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Milwaukie, OR?
The median gross rent in Milwaukie, OR is $1,499 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,988.
What is the median household income in Milwaukie?
The median household income in Milwaukie, OR is $82,422 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%.