Cost of Living in Happy Valley, OR
Population: 25,572 • 2026 Data
$120,324
Median Household Income
+55% vs national
$2,025
Median Monthly Rent
+50% vs national
$671,800
Median Home Value
+98% vs national
3.7%
Unemployment Rate
Housing in Happy Valley
The median home value in Happy Valley, OR is $671,800. Monthly rent for a typical unit averages $2,025, while total monthly housing costs (including utilities and insurance) average $2,280.
Rent-to-income ratio: 20.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Happy Valley, OR is $120,324. The unemployment rate stands at 3.7%, with a labor force of 13,260 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.