Housing costs in Chemult?
A typical home costs
$418,400, which is 23.8% more expensive than the national average of
$338,100 and 10.7% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Chemult costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 53.5% cheaper than the state average of
$1,520.
Can I afford Chemult?
To live comfortably in Chemult (zip 97731), Oregon, a minimum annual income of
$80,280 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Chemult?
The cost of living in 97731 Chemult, OR is relatively low compared to other cities and towns in the state. The median household income for the area is just over $40,000, which is one of the lowest among Oregon counties. Despite this low income level, the cost of housing remains stable and affordable, allowing many residents to comfortably afford a mortgage or rent without breaking their budget. Additionally, utilities tend to be cheaper than those found in larger cities, making it an ideal choice for those who are looking for an affordable place to live. Overall, Chemult offers a great quality of life for its residents at an affordable price.