Redmond, OR

Above Avg · 117

Oregon · Population 35,161 · Updated March 2026

$1,479
Median Rent / Month
$79,789
Median Income
$435,000
Median Home Value
$1,524
Owner Costs / Month

Affordability

How far your income goes in Redmond

22.2%
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

$17,748
Annual Rent
$7,899
State Income Tax
$4,046
Property Tax (est.)

Cost of Living Overview

Redmond is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Redmond residents can expect to pay median rent of $1,479/month while earning a median household income of $79,789/year.

The median home value in Redmond, OR is $435,000, with typical monthly owner costs around $1,524 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% 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 Redmond.

Frequently Asked Questions

Common questions about living costs in Redmond

What is the cost of living in Redmond, OR?
The cost of living index in Redmond, OR is 117 (US average = 100). Median monthly rent is $1,479, median household income is $79,789/year, and the median home value is $435,000.
Is Redmond, OR affordable?
No, Redmond is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Redmond, OR?
The median gross rent in Redmond, OR is $1,479 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,748.
What is the median household income in Redmond?
The median household income in Redmond, OR is $79,789 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%.