Monmouth, OR

Average · 96

Oregon · Population 11,176 · Updated March 2026

$1,137
Median Rent / Month
$66,858
Median Income
$380,500
Median Home Value
$1,216
Owner Costs / Month

Affordability

How far your income goes in Monmouth

20.4%
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

$13,644
Annual Rent
$6,619
State Income Tax
$3,539
Property Tax (est.)

Cost of Living Overview

Monmouth has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 96 (where 100 equals the national median), Monmouth residents can expect to pay median rent of $1,137/month while earning a median household income of $66,858/year.

The median home value in Monmouth, OR is $380,500, with typical monthly owner costs around $1,216 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% 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 Monmouth.

Frequently Asked Questions

Common questions about living costs in Monmouth

What is the cost of living in Monmouth, OR?
The cost of living index in Monmouth, OR is 96 (US average = 100). Median monthly rent is $1,137, median household income is $66,858/year, and the median home value is $380,500.
Is Monmouth, OR affordable?
Yes, Monmouth is more affordable than the national average with a cost index of 96. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Monmouth, OR?
The median gross rent in Monmouth, OR is $1,137 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,644.
What is the median household income in Monmouth?
The median household income in Monmouth, OR is $66,858 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%.