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Cost of Living in McMinnville, OR

Population 34,596 · Census ACS 2020–2024 5-year estimates

Median rent$1,380
Median home value$432,800
Median household income$73,736

The median rent in McMinnville, OR is $1,380/month, 10% lower than the Oregon median and 2% lower than the U.S. median. The median home value is $432,800, 30% higher than the national median. Households earn a median of $73,736 a year, 11% lower than the state median.

Affordability

Rent as a share of median income: 22.5%
Income needed for median rent (30% rule): $55,200/yr
Home price-to-income ratio: 5.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,188/mo

Run your own numbers: mortgage calculator · hourly to salary

McMinnville vs. Oregon vs. U.S.

McMinnvilleOregonU.S.
Median rent$1,380$1,525$1,413
Median home value$432,800$477,600$332,700
Median household income$73,736$83,011$80,734
Homeownership rate62.9%63.3%65.2%
Bachelor's degree or higher25.8%36.8%35.7%
Poverty rate16.0%11.9%12.5%
Unemployment rate5.5%5.4%5.2%
Work from home12.2%19.0%15.1%
Median age38.940.438.9

FAQ

What is the average rent in McMinnville, OR?

The median gross rent in McMinnville, OR is $1,380 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in McMinnville, OR?

Using the common 30% rule, renting a median-priced home takes about $55,200 a year in gross income.

Is McMinnville, OR expensive to live in?

Rent there is 2% lower than the U.S. median, and the median home costs about 5.9 times the median household income.

Other cities in Oregon

Portland, ORRent $1,655 · Income $90,919Eugene, ORRent $1,402 · Income $66,562Salem, ORRent $1,400 · Income $75,487Gresham, ORRent $1,586 · Income $77,795Hillsboro, ORRent $1,978 · Income $106,409Bend, ORRent $1,883 · Income $96,394

Cities with a similar cost of living

Manchester, CTRent $1,384 · Income $74,267Brooklyn Center, MNRent $1,376 · Income $72,535Spokane Valley, WARent $1,353 · Income $74,042Drexel Heights, AZRent $1,342 · Income $73,508Ennis, TXRent $1,362 · Income $75,074Nampa, IDRent $1,420 · Income $74,279

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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