Quick facts: Eugene, OR

Quick Facts

107.8
Cost of Living
above US average
177,923
Population
37.38
Crime Rate per 1000
above US average
$61,481
Median Income
below US average
$549,000
Median House Price
above US average
$1932.52
Average Rent
above US average
14%
Poverty Rate
above US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,481.

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Income Needed to Buy

βœ— Stretch
$172k/year
Based on $549,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $172k vs median $61,481
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1932.52/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $61,481
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eugene, OR

Eugene, Oregon, is a vibrant city located in the Willamette Valley, renowned for its rich cultural scene, outdoor activities, and commitment to sustainability. Home to the University of Oregon, Eugene has a youthful energy, bolstered by a diverse population and numerous events, including the famous Oregon Country Fair and the Eugene Marathon. The city is known for its beautiful parks and recreational opportunities, with nearby Mount Pisgah providing hiking trails and stunning views. The Willamette River runs through the city, offering kayaking, fishing, and scenic walks along its banks. Culturally, Eugene boasts a thriving arts scene, with galleries, theaters, and music venues. The Hult Center for the Performing Arts is a prominent venue showcasing local and national performances. Eugene is also a hub for outdoor enthusiasts, with easy access to biking paths, hiking trails, and nearby ski resorts in the Cascade Mountains. With its progressive values, emphasis on local business, and numerous farmer's markets, Eugene stands out as a unique and welcoming place to live and visit.

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