Silverton, OR

Above Avg · 119

Oregon · Population 10,445 · Updated March 2026

$1,479
Median Rent / Month
$74,286
Median Income
$461,800
Median Home Value
$1,451
Owner Costs / Month

Affordability

How far your income goes in Silverton

23.9%
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
$7,354
State Income Tax
$4,295
Property Tax (est.)

Cost of Living Overview

Silverton is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), Silverton residents can expect to pay median rent of $1,479/month while earning a median household income of $74,286/year.

The median home value in Silverton, OR is $461,800, with typical monthly owner costs around $1,451 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.9% 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 Silverton.

Frequently Asked Questions

Common questions about living costs in Silverton

What is the cost of living in Silverton, OR?
The cost of living index in Silverton, OR is 119 (US average = 100). Median monthly rent is $1,479, median household income is $74,286/year, and the median home value is $461,800.
Is Silverton, OR affordable?
No, Silverton is more expensive than the national average with a cost index of 119. The rent-to-income ratio is 23.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Silverton, OR?
The median gross rent in Silverton, 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 Silverton?
The median household income in Silverton, OR is $74,286 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%.