States › Oregon › Altamont

Is Altamont, OR expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,34923% lower than U.S. average
💵 Families earn per year (2026)$63,231about $5,269/month · 27% lower than U.S. average
🔑 House price$249,20025% lower than U.S. average

Rent is lower than in 66% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are short, about 14.8 minutes.

How much money do I need?

To rent here comfortably, you should earn about $53,960 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Oregon cities?

Yes. Rent here is cheaper than in most of Oregon. It is number 18 of 105 cities from cheapest to most expensive.

Altamont
$1,349
Sherwood
$2,264
Hermiston
$1,208
Cedar Mill
$1,995
Lebanon
$1,862
Central Point
$1,759
Hayesville
$1,684

How much do households earn in Altamont?

Under $25k
17.2%
$25k–50k
26.8%
$50k–100k
33.9%
$100k–150k
10.7%
$150k+
4.7%

Share of households by yearly income. 15.4% of households earn $100,000 or more.

Rent by apartment size in Altamont

SizeAltamontU.S. average
1 bedroom$799$1,324
2 bedrooms$1,028$1,509
3 bedrooms$1,360$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Altamont overall?

Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
109
Goods (food, clothes…)
105
Utilities
107
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Altamont, so the Oregon figure is shown.

Taxes and bills in Altamont

🏛️ Property tax$1,679a year · 0.67% of home value · U.S. $3,119
⚡ Electric bill$112a month (typical) · U.S. $156

Life in Altamont

Commute to work14.8 minU.S.: 26.4 min
College degree22%U.S.: 35.7%
Own their home70.5%U.S.: 65.2%
Below poverty line16.9%U.S.: 12.5%
Unemployment7.4%U.S.: 5.2%

Is it cheaper to rent or buy in Altamont?

Renting is cheaper right now: about $380 a month less.

Renting
$1,349
Owning
$1,729

Owning assumes a typical $249,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,920 for the down payment.

Frequently asked questions

What is the average rent in Altamont, OR?

Renting in Altamont costs a median of about $1,349 a month in 2026, including utilities. The Oregon median is $1,811.

How much do I need to make to live in Altamont?

To keep rent under 30% of income, you need about $53,960 a year, or $26 an hour at a full-time job.

Is Altamont cheap or expensive?

Altamont is rated OK: rent takes 25.6% of the typical household income of $63,231. It ranks 18th cheapest of 105 Oregon cities we track.

How much are property taxes in Altamont?

The median homeowner in Altamont pays $1,679 a year in property taxes, about 0.67% of the median home value.

Is Altamont more expensive than the national average?

Overall prices in Oregon are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Altamont?

The median home value in Altamont is $249,200, about 3.9 times the typical yearly household income.

19,927 people live in Altamont. Numbers are typical (middle) values.