Rent here is among the highest 10% in the country. A typical house costs about 4.7 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Oregon cities?
No. Rent here is more expensive than in most of Oregon. It is number 105 of 105 cities from cheapest to most expensive.
How much do households earn in Madras?
Share of households by yearly income. 23.5% of households earn $100,000 or more.
Rent by apartment size in Madras
| Size | Madras | U.S. average |
|---|---|---|
| 2 bedrooms | $997 | $1,509 |
| 3 bedrooms | $1,236 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Madras overall?
Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Madras, so the Oregon figure is shown.
Taxes and bills in Madras
Life in Madras
Is it cheaper to rent or buy in Madras?
Buying is cheaper month to month: about $1,205 a month less than renting.
Owning assumes a typical $330,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,090 for the down payment.
Frequently asked questions
What is the average rent in Madras, OR?
Renting in Madras costs a median of about $3,500+ a month in 2026, including utilities. The Oregon median is $1,811.
How much do I need to make to live in Madras?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Madras cheap or expensive?
Madras is rated Expensive: rent takes 60.2% of the typical household income of $69,735. It ranks 105th cheapest of 105 Oregon cities we track.
How much are property taxes in Madras?
The median homeowner in Madras pays $2,557 a year in property taxes, about 0.77% of the median home value.
Is Madras 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 Madras?
The median home value in Madras is $330,900, about 4.7 times the typical yearly household income.
7,676 people live in Madras. Numbers are typical (middle) values.