Cost of Living
Low Cost of Living, High Quality of Life
City of Oregon’s residential real estate is abundant and affordable. Whether you are looking for a starter home, a fix-upper, or a luxury estate on a large lot, Oregon as it all. The median price of a home is $164,000, a very attractive number for all the amenities we have to offer. Welcome home to the ideal blend of a metropolitan area with a small-town feel.
Cost of Living Index
|Cost of Living||93||91||100|
|Goods & Services||112||99||100|
100% COMPOSITE INDEX – 93.0
GROCERY ITEMS – 96
This component of the index takes into account the cost of typical grocery items such as milk, canned foods, and meats.
HEALTHCARE – 102
This component incorporates the prices of over-the-counter and prescription drugs, dental appointments, doctors appointments, and other typical health-related expenses.
HOUSING – 69
The housing component comprises the second largest share of the composite index since this expense is usually the largest for residents. This takes into account both rental and owner-occupied housing that an average college-educated, married couple might rent or buy. The Housing index also incorporates data on mortgage rates and fees.
UTILITIES – 90
Takes into account cost of electricity and gas.
TRANSPORTATION – 98
This portion of the index accounts for auto maintenance and gas prices.
MISC. GOODS AND SERVICES – 112
Cost Comparison Chart
|City||School Millage||City Millage||Total Millage||Property Tax Bill for $150K Home||Income Tax||Income Tax for $60K Salary||Income Tax for $100K Salary||Water/Sewer Avg Consumer|
|Holland||77.66||.8||107.13||3,206.56||1.0 – 1.5||$600-$900||$1000 –|
|1,120.00 + fees|
|Ottawa Hills||139.05||8||173.32||5,138.36||1.5||$900||$1,500||1,120.00 + fees|
|Waterville||72.66||3.5||116.73||3,438.38||1.5 - 2.0||$900-$1200||$1,500 - $2,000||1,102.00|
$4,178 TS Ross school
$3,832 TS Pburg school
|2.0 – 3.5||$1200-$2100||$2,000 - $3,500||1,562.00|