Cost of Living in Cedar Mill, OR

With a cost of living index of 160, Cedar Mill, OR is one of the most expensive cities in the United States. Living here is 60% more expensive than the national average and 54% above the Oregon state average of 106. Cedar Mill is a smaller community of 19,482 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Cedar Mill's cost of living. The median monthly rent is $1,780 (35% above the US median of $1,319), and the median home value sits at $839,200 (175% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cedar Mill is $167,037, which is 122% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Cedar Mill. The area sees an average annual temperature of 52.5°F, with summers averaging 65°F and winters around 41°F. Annual rainfall totals 35.9 inches spread over roughly 159 days.

Everyday prices in the Portland-Vancouver-Hillsboro, OR-WA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.