Cost of Living in Gresham: A Comprehensive Guide

Cost of Living in Gresham: A Comprehensive Guide

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Gresham, Oregon, is a city located in Multnomah County, just east of Portland. It is a popular destination for those looking for a more affordable cost of living while still being close to the amenities of a larger city. In this comprehensive guide, we will explore the cost of living in Gresham, including housing, transportation, utilities, and more.

The Cost of Housing in Gresham

One of the biggest expenses for most people is housing. In Gresham, the median home price is $365,000, which is slightly lower than the median home price in Portland. However, the cost of renting is also on the rise, with the average rent for a one-bedroom apartment being around $1,200 per month.

It’s important to note that the cost of housing can vary greatly depending on the neighborhood you choose. For example, the Rockwood neighborhood is known for having more affordable housing options, while the Powell Valley neighborhood tends to have higher-priced homes.

The Cost of Transportation in Gresham

Getting around Gresham is relatively easy, with several public transportation options available, including buses and light rail. The cost of a one-way ticket on the bus or light rail is $2.50, and a monthly pass is $100. If you prefer to drive, the cost of gas in Gresham is slightly lower than the national average, at around $3.00 per gallon.

The Cost of Utilities in Gresham

When it comes to utilities, the cost in Gresham is relatively average compared to other cities in the United States. The average monthly cost for electricity, water, and gas for a 900 square foot apartment is around $150 per month.

The Cost of Food and Entertainment in Gresham

Gresham has a variety of dining and entertainment options, with something for everyone. The cost of dining out can vary greatly depending on the restaurant, with an average meal for two costing around $50. If you prefer to cook at home, the cost of groceries is slightly higher than the national average, with a gallon of milk costing around $3.50 and a loaf of bread costing around $2.50.

FAQs

1. Is Gresham an affordable place to live?

Yes, Gresham is generally considered to be an affordable place to live, especially when compared to nearby Portland. However, the cost of living can vary depending on the neighborhood you choose and your lifestyle.

2. What is the average cost of rent in Gresham?

The average cost of rent for a one-bedroom apartment in Gresham is around $1,200 per month.

3. How does the cost of living in Gresham compare to other cities in Oregon?

The cost of living in Gresham is generally lower than other cities in Oregon, such as Portland and Eugene. However, the cost of living can vary depending on the neighborhood you choose and your lifestyle.

Conclusion

Gresham is a great place to live if you’re looking for an affordable cost of living while still being close to the amenities of a larger city. The cost of housing, transportation, utilities, and food and entertainment are all relatively average compared to other cities in the United States. However, it’s important to note that the cost of living can vary greatly depending on the neighborhood you choose and your lifestyle. Overall, Gresham is a great option for those looking for an affordable and comfortable place to call home.

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.