Housing costs in Lorane?
A typical home costs
$491,700, which is 45.4% more expensive than the national average of
$338,100 and 5.0% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Lorane costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 10.9% cheaper than the state average of
$1,520.
Can I afford Lorane?
To live comfortably in Lorane (zip 97451), Oregon, a minimum annual income of
$94,320 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Lorane?
Lorane, OR has a relatively low cost of living in comparison to other parts of the country. The median household income is well below the national average, and housing costs are also quite reasonable. Groceries and transportation costs are generally lower than the U.S. average as well. In addition, residents of 97451 can take advantage of no state income tax and some of the lowest property taxes in Oregon. All in all, Lorane is an affordable place to live for those on a limited budget or those who simply prefer to stretch their dollar further.