Cost of Living in Eugene, OR
Housing
The housing market plays a significant role in determining the cost of living in Eugene, OR.
- Housing Index: 114.5 / 100
- Median Home Price is: $352,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1856 per month
Considering the data for Eugene, OR, the current housing index stands at 114.5, indicating it is slightly above the national average. With a median home price of 352000, purchasing a home here may require careful financial planning. For renters, the average rent for a 2-bedroom apartment is 1800, while a 2-bedroom house averages 1856. Balancing rental costs and housing prices is crucial, as the demand for housing in urban areas typically rises, impacting future prices. Therefore, if you're contemplating a move, consider both immediate costs and long-term investments in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Eugene, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Eugene, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Eugene is a financially viable option for your relocation.