Cost of Living in Banks, OR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
148.7
100 = national avg
+48.7 vs national average
Living Wage (1 Adult)
$65,414
per year
Living Wage (Family of 4)
$154,614
per year
Cost Index by Category
Housing196.2
Food114.7
Transportation129.4
Healthcare111.8
Utilities128.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,677
per month
2 Bedroom
$1,922
per month
The overall cost of living index in Banks is 148.7, which is 48.7% above the national average. Housing costs are above the national average at an index of 196.2. A single adult needs to earn approximately $65,414 per year to cover basic expenses.