Cost of Living in Gresham, OR
Housing
The housing market plays a significant role in determining the cost of living in Gresham, OR.
- Housing Index: 120.0 / 100
- Median Home Price is: $476,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1860 per month
In assessing the housing landscape of Gresham, OR, the housing index stands at 120.0, indicating it is more expensive compared to the national average. With a median home price of 476000, potential homebuyers may find it challenging to enter the market. Renting remains competitive as well, with average rents at 1800 for a 2-bedroom apartment and 1860 for a 2-bedroom house. As you consider relocating, weigh these costs against job opportunities and quality of life factors that Gresham offers, as they are critical in making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gresham, 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 Gresham, 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 Gresham is a financially viable option for your relocation.