Monmouth, OR vs Wood Village, OR

Monmouth, OR and Wood Village, OR have a very similar cost of living, with only a 2.2% difference in their overall index. Monmouth scores 102 while Wood Village scores 104 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Monmouth is $1,137/month compared to $1,430/month in Wood Village — a 21% difference. Interestingly, home values tell a different story: while Monmouth has cheaper rent, Wood Village actually has lower median home values ($281,900 vs $380,500).

Median household income in Monmouth is $66,858 compared to $72,404 in Wood Village (-7.7%). While Wood Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monmouth spend roughly 20.4% of their income on rent, less than the 23.7% in Wood Village.

Climate-wise, both cities share similar average temperatures (54.1°F vs 54.7°F). Wood Village receives more rainfall at 40.7" per year compared to 40.1" in Monmouth.