.jpg){kind=avatar}
What's it going to cost to have a taste of all the beauties that come with living in the Portland metropolitan area?
With scenic natural surroundings, mild climate conditions, a diverse population, a good sense of community, and a thriving arts and culture scene, Beaverton is easy for anyone to consider calling home.
Unfortunately, not everyone gets to enjoy the city's myriads of excellence. With the average Beaverton cost of living pegged 24% higher than the national median, it's not exactly affordable.
However, if you plan on joining the 97,494 residents here, let's discuss the average spending for most locals.
Housing
Housing costs alone will take the most out of your monthly budget. However, the real estate market in this city has seen consistent growth and valuation, as many Beaverton movers have been known to help new residents flood the city.
Although the median rent and home prices Beaverton tends to have are 58% higher than what the average American pays, you can still get somewhere affordable to call home.
Across its 13 different incorporated neighborhoods, home valuation ranges from the lows of $75,000 in areas like Vose - Bel Air to as high as $17M in Triple Creek or Five Oaks.
- Average Rent: $1,730
- Median Home Value: $639,900
- Mortgage Rates: 6.21% - 7.19%
Here's a more detailed breakdown of its average rent prices for specific housing options:
|
Housing Type
|
Average Rent
|
|
Studio
|
$1,400
|
|
1-Bedroom
|
$1,600
|
|
2-Bedroom
|
$1,900
|
|
3-Bedroom
|
$2,400
|
Note:
If you plan on purchasing a home in Beaverton, you should do it now. Housing prices are consistently rising, with a +1.9% change in the past year.
Ready to make Beaverton your new home?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.
Utilities
When it comes to settling utility bills, you will love Beaverton! It's a considerate 8% cheaper than most cities in the U.S.—call it one of the many pros and cons of living costs.
A good reason for its cheaper price tag is its mild climate and weather. Summer and winters barely require air conditioning or heaters, which incur more energy bills.
Spring and summer usually have temperatures around 60° to 70°, occasionally hitting the 80s.
Fall and winter months have temperatures around 40° to 50°, with lows sometimes reaching the 30s.
- Energy Bill: $161.97
- Phone Bill: 174.24
Note:
The water bill in Beaverton tends to stack up, and compared to other states, it might take a sufficient dip into your wallet—prepare for it.
Food
Beaverton's food culture and culinary scene are good, and you should be lucky!
Sure, it's 8% more expensive than what most Americans spend, but the diverse delicacies offered here make it worth every penny. Whether it's basic daily groceries, Chinese takeout, or farm-to-table dishes, your dollar will do the talking.
Here's a quick view of how much essential grocery items and fine dining at a restaurant cost in Beaverton:
|
Dining and Groceries
|
Costs
|
|
Mid-Range Restaurant (3-course meal)
|
$55.00
|
|
Eggs (carton)
|
$2.43
|
|
Milk (1 gallon)
|
$2.62
|
|
Loaf of Bread
|
$4.19
|
|
Bananas (A bunch)
|
$3.63
|
|
Fast-food Hamburger
|
$5.54
|
|
A Cup of Coffee
|
$3.00
|
|
Beer (a pint)
|
$6.30
|
Note:
Setting aside $355 per month for feeding is enough to satisfy your palate. However, this figure could be lower or higher depending on how often you eat out and how many mouths you get to feed.
Healthcare
For a healthy lifestyle, the cost of living in Beaverton, Oregon, wouldn't eat too deep into your pockets—even less than the damages food could do to your budget.
The ACA makes health care much more affordable for Beaverton residents through subsidized health care provided by Oregon Health Markets and insurance.
For better understanding, as a family person, retiree, or individual hoping to have access to excellent health facilities like the ones in Beaverton at an affordable rate, this city makes a convincing appeal for you to come to stay.
On average, some basic healthcare costs include:
|
Medical Care
|
Costs
|
|
Doctor's Visit
|
$132.53
|
|
Dentist Visit
|
$114.34
|
|
Optometrist Visit
|
$124.84
|
|
RX Drug
|
$488.30
|
|
Veterinary Visit
|
$67.39
|
Note:
Oregonians and residents of Beaverton have one of the lowest healthcare expenses per person in the country, and for that, residing here isn't such a bad idea.
Ready to make Beaverton your new home?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.
Transportation
Transport bills are next in line to housing costs for a big chunk of your earnings.
Whether you have your wheels or prefer public transportation, there's no escaping the 22% hike in transport expense compared to the U.S. average.
The average commute time in Beaverton sits around 30 minutes, less than what's known nationally. However, that's not the only stat. About 70.9% of these commuters own cars, only 6.5% use public transportation, and around 3.6% prefer to walk.
- Gas: $5.40 per gallon
- MAX Light Rail System (one-way ticket): $2.50
- MAX Light Rail System (annual pass): $1,100
Entertainment
Known for its 0% sales tax, Beaverton, Oregon, is a retailer and buyer's prime spot for entertainment, sports, and other fun services.
The city's cost of goods and services is usually slightly above the national average, which shouldn't cause much of a bother. For instance, an entry fee of $14 is charged for a visit to the Lan Su Chinese Garden.
If you're a sports fan, Basketball and Baseball in Beaverton, Oregon, is sure to thrill you. Tickets to witness the Portland Trail Blazers can cost anywhere between $52 to $278.
Portland's proximity also means you can catch star performers in their magic, like Harry Connick Jr. and The Eagles, with tickets around $100 to $200.
Note:
If you fancy having a lot of entertainment outings while living in Beaverton, it's best to budget about $300 to $500 monthly for such expenses.
Income and Job Opportunities
A known advantage of choosing a life here is that despite the Beaverton cost of living being high, the average income is sufficient, and there are enough job opportunities in the market.
The median household income is about 19.2% higher than the national average; there are many available job opportunities, and unemployment and poverty levels are lower than in most cities nationwide.
- Median Household Income: $88,894
- Unemployment Rate: 3.30%
- Poverty Rate: 10.71%
That's not all; the city has gradually solidified its economy to thrive, especially in the tech sector, with international companies like Nike and Intel having headquarters on its grounds.
Note:
Other booming sectors with high job opportunities for residents are healthcare, manufacturing, and retail.
Ready to make Beaverton your new home?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.
Tax Rates
If nothing else takes your money while you're in this city, expect to give back some of your earnings to the government.
While sales tax is absent and non-existent in Beaverton, your income and property taxes must be safer!
As a resident of Beaverton, your income tax rate matches that of the state. The city doesn't impose any extra local percentage to the graduated state-wide income tax rate of 4.75% to 9.9%—depending on your earnings.
Beaverton doesn't impose rates on residents' properties either. Instead, the city uses the combined tax rates from the state's 0.82% alongside Washington County's, giving an effective property tax rate of 1.08%.
- Sales Tax Rate: 0%
- Income Tax Rate: 4.75% - 9.90%
- Property Tax Rate: 1.08%
Is It Worth It? Beaverton Cost of Living
Before deciding whether any city might suit you and your family, you must ensure it meets all requirements.
While the Beaverton cost of living is on the high side, the city's excellent quality of life is an allure. Although your dollar might have a different reach in Beaverton (depending on where you're coming from), the average resident lives above the poverty line.
There are plenty of job opportunities, and the median annual income is more than enough to cover all your needs and expenses.
Regardless, the higher living expense might feel different with the right budget plan and discipline.