Housing is one of the largest components of cost of living. Select any tags that apply to this area, Not registered? Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. It's also important to consider median household incomes to make apples-to-apples comparisons across locations. Unfortunately for homebuyers who are in the market for a $300,000 to $500,000 “starter home,” the Eugene housing market is tight. Renting is a sometimes lower cost alternative to homeownership. On a more negative note, Eugene does not have favorable grades for the following: crime (D-), cost of living (F), employment (D) and housing (D-). In Eugene, the median home value is $272,000, greater than the national median home value of $204,900. 1. The cost of living index is set to 100 for the average place in America. By definition, that implies Eugene ranks as the #1716 most expensive place in the Beaver State. Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Eugene and over 29,000 other cities and towns in the US. If we look at the most recent Census, Eugene is known to have a predominantly White population. Accounting for these taxes, while excluding taxes levied at the federal level, Eugene residents live in a state with a modest average tax burden. In Eugene, a single adult spends an average of $3,164 on food annually, and a family of four spends $9,137 on average. For families with children, child care adds thousands of dollars to overall annual spending. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Eugene, Oregon pays $6,782 annually — relatively little compared to the statewide average of $7,784. Eugene, OR receives 68/100 for its livability score; this results in a ranking of #133 in Oregon and #13,402 in the USA. In Eugene, the median household income is $49,029, 5.5 times the median home value. Plus, the average effective property tax rate in Oregon ranges from 0.61% to 1.28%. If finding a family friendly city is important to you, look no further. 24/7 Wall St. has published detailed cost of living analysis for all 50 states and over 29,000 cities across the country. For context, average annual food expenditure across Oregon and the U.S., respectively, are $3,279 and $3,240 for a single adult, and $9,470 and $9,354 for a family of four. An index above 100 means Eugene is expensive, while a number below 100 means it's a relatively cheap place to live. Miscellaneous Cost of Living Facts. Eugene’s rent cost is around the national average, but an urban growth boundary paired with the city’s desirability can make it tough to secure a place to live. If you’re considering relocating to any new city, it could be a very daunting task. If we take a closer look at the affordability of homes in Eugene, we’ll see that the home price to income ratio is 5.5, which is 19.6% higher than the Oregon average. To help you find the best places to live in and around Eugene, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, education, employment and more. Compared to only Oregon, Eugene has a cost of living index that's 1.0x lower than Oregon's index of 118.. And because the city has a pretty low cost of living (especially for food and drink), you can get a fresh pounder of draught ale essentially every night for the rest of your life without breaking the bank. Some of the notable things to do include: King Estate Winery, Studio West Glassblowing Studio and Gallery, and Studio West Glassblowing Studio and Gallery. For a single adult living in the area, average health care costs come out to $3,895 per year, compared to an average of $3,908 across Oregon and $4,266 nationwide. Housing swings affordability the most between places in Oregon, so we broke down the statistics around housing costs into more detail. Source: Planet Unicorn / Getty Images Colorado > Household... See a list of all available cities in Oregon by clicking here. Click here to customize.) This is lower than the national median of $2,470. The standard of living in Eugene ranks as #4691 most affordable out of the 6522 places we measured in Oregon. The median home price for Eugene homes is $246,400, which is 0.3% lower than the Oregon average. The standard of living in Eugene ranks as #4691 most affordable out of the 6522 places we measured in Oregon. Home and income come data comes from the most recent US Census ACS 2014-2018. In the past year, appreciation rates for homes in the Eugene area were 8% and 5 year appreciation rates were 7.9%. What's the cost of living in Eugene, OR? For more reading on life in Eugene, check out: © Chasing Chains, LLC. If we take a look at the data, we can find out why. If we dig a little deeper into each category within the livability score, we see that Eugene has higher than average rankings for the following: amenities (A+). Located in the state of Oregon, Eugene is a medium-sized city with a population of 161,649 people. To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. Transportation can also be a significant component of cost of living. According to the most recent data on the cost of living, Eugene has an overall cost of living index of 118 which is 1.2x higher than the national index of 100. It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. The typical renter in Eugene spends $988 a month on housing, greater than the $1,023 national median monthly rent. In addition to home value, one of the largest determinants of housing affordability is area income. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Eugene is $35,551 a year — less than the annual cost of living for Oregon of $39,787 and less than the national figure of $38,433. But before even considering if those options are available, most people will need to know if the real estate in Eugene is actually affordable. Few expenses vary as much from city to city and town to town as taxes. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation. The median price of a home built in 1939 or earlier is $310,700, while the median value of a home built in 2014 or later is $396,700. To help you with your search, browse the 97 reviews below for independent living communities in Eugene. At the same time, Oregon has no sales tax. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Eugene has a population density of 3,661 people per square mile. According to the most recent data on the cost of living, Eugene has an overall cost of living index of 118 which is 1.2x higher than the national index of 100. All rights reserved. That goes for state-level sales taxes and local sales taxes, too. Click here to see detailed analysis about crime in every state, Click here to see updated data about coronavirus in every state. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. Compared to only Oregon, Eugene has a cost of living index that's 1.0x lower than Oregon's index of 118. Food is another every day expense that has a significant impact on overall cost of living. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap. Living in Eugene, OR. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Eugene spends $9,943 a year on transportation, about the same as the national average of $9,760. Fortunately, in Eugene, there is no shortage of amazing local amenities and interesting things to do.

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