Housing costs in Malin?
A typical home costs
$246,500, which is 27.1% less expensive than the national average of
$338,100 and 47.4% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Malin costs
$970 per month, which is 36.2% cheaper than the national average of
$1,520 and 2.1% more than the state average of
$950.
Can I afford Malin?
To live comfortably in Malin (zip 97632), Oregon, a minimum annual income of
$47,160 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Malin?
The cost of living in 97632 Malin, OR is quite affordable. The median home price is around $141,700, which is about 11% lower than the national average. Additionally, the median household income in the area is just over $46,000, below the national median of nearly $60,000. The low housing prices and incomes are likely part of the reason why Malin is considered one of the most affordable places to live in Oregon. Other factors that contribute to its affordability include its relatively low sales tax rate and lack of state income tax. Overall, Malin offers a cost of living that can be easily managed by most families or individuals.