Cost of Living in Happy Valley, OR
Population 25,572 · Oregon · Data vintage 2023
(100 = US avg)
Happy Valley's housing market reflects its status as a high-earning metro: $672,000 for a typical home, 120% above the US median, paired with household incomes around $120,324 that put it in the upper third of the state.
Happy Valley sits roughly 6 miles southwest of Gresham — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 53% higher than Gresham's $440,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Happy Valley
The median home value in Happy Valley is $671,800 — 120% above the national median of $305,000. Median rent runs $2,025/month, 54% higher than the national median of $1,314/month. The median household income of $120,324/year is 61% higher than the US median of $74,580. The local unemployment rate is 3.7%, below the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 63.5°F and lows of 45.9°F. Overall, Happy Valley has a cost of living index of 194 versus the US average of 100, meaning it is 94% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 57 | 62 | 69 | 74 | 82 | 82 | 76 | 64 | 53 | 46 |
| Low °F | 37 | 38 | 40 | 43 | 49 | 53 | 57 | 57 | 52 | 46 | 42 | 37 |
| Precip" | 5.01 | 3.71 | 4.41 | 3.58 | 2.91 | 2.11 | 0.55 | 0.63 | 1.75 | 4.02 | 5.83 | 6.15 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Happy Valley, OR?
Happy Valley has a cost index of 194 (100 = national average). It is 94% above the national average.
What is average rent in Happy Valley, OR?
The median gross rent in Happy Valley is $2,025 per month based on 2023 Census data.
What is the average home price in Happy Valley?
The median home value in Happy Valley is $671,800 according to Zillow and Census data.
What is the median income in Happy Valley?
The median household income in Happy Valley is $120,324 per year (2023 ACS 5-year estimates).
What is the sales tax in Happy Valley, OR?
The combined state and local sales tax rate in Happy Valley is 0.0%. The Oregon state income tax top rate is 9.9%.
Is Happy Valley, OR affordable?
Happy Valley is above average in cost of living, with an index of 194 — about 94% higher than the national average.
What is the weather like in Happy Valley?
Happy Valley has average high temperatures of 63.5°F and average lows of 45.9°F. Annual precipitation is 40.7". Data from NOAA 1991–2020 Climate Normals.
Happy Valley at a Glance
- Population
- 25,572
- Median Income
- $120,324
- Home Value
- $671,800
- Median Rent
- $2,025/mo
- Unemployment
- 3.7%
- Avg High Temp
- 63.5°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Oregon Rankings
Similar Cost Cities
Cities in other states with comparable housing costs