States › Oregon › Redmond

Is Redmond, OR expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,34033% higher than U.S. average
💵 Families earn per year (2026)$90,771about $7,564/month · 4% higher than U.S. average
🔑 House price$462,50039% higher than U.S. average

Rent is higher than in 81% of U.S. cities. A typical house costs about 5.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $93,600 a year. That is $45 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 95 of 105 cities from cheapest to most expensive.

Redmond
$2,340
McMinnville
$1,804
Oregon City
$2,068
Keizer
$1,784
Grants Pass
$1,533
Bethany
$2,551
Lake Oswego
$2,542

How much do households earn in Redmond?

Under $25k
9.9%
$25k–50k
21.1%
$50k–100k
38.4%
$100k–150k
20.1%
$150k+
6.9%

Share of households by yearly income. 26.9% of households earn $100,000 or more.

Rent by apartment size in Redmond

SizeRedmondU.S. average
Studio$1,422$1,338
1 bedroom$1,640$1,324
2 bedrooms$1,665$1,509
3 bedrooms$1,859$1,698
4 bedrooms$2,436$2,098

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

How expensive is Redmond 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 Redmond, so the Oregon figure is shown.

Taxes and bills in Redmond

🏛️ Property tax$3,213a year · 0.69% of home value · U.S. $3,119
⚡ Electric bill$112a month (typical) · U.S. $156

Life in Redmond

Commute to work21.4 minU.S.: 26.4 min
College degree30.3%U.S.: 35.7%
Own their home64.5%U.S.: 65.2%
Below poverty line9.6%U.S.: 12.5%
Unemployment4.5%U.S.: 5.2%

Is it cheaper to rent or buy in Redmond?

Renting is cheaper right now: about $869 a month less.

Renting
$2,340
Owning
$3,209

Owning assumes a typical $462,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,250 for the down payment.

Frequently asked questions

What is the average rent in Redmond, OR?

Renting in Redmond costs a median of about $2,340 a month in 2026, including utilities. The Oregon median is $1,811.

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

To keep rent under 30% of income, you need about $93,600 a year, or $45 an hour at a full-time job.

Is Redmond cheap or expensive?

Redmond is rated Expensive: rent takes 30.9% of the typical household income of $90,771. It ranks 95th cheapest of 105 Oregon cities we track.

How much are property taxes in Redmond?

The median homeowner in Redmond pays $3,213 a year in property taxes, about 0.69% of the median home value.

Is Redmond 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 Redmond?

The median home value in Redmond is $462,500, about 5.1 times the typical yearly household income.

36,092 people live in Redmond. Numbers are typical (middle) values.