🏡💰 What Is the Cost of Living in Redmond, Oregon?

If you’re thinking about moving to Redmond, Oregon, one of the biggest questions is:

👉 “What does it actually cost to live there?”

Here’s the simple answer:

👉 Redmond is more affordable than Bend — but still higher than the national average.

Let’s break it down so you know what to expect.

💰 Housing Costs (The Biggest Factor)

Housing is the #1 expense — and the main reason people choose Redmond.

Right now:

• Most homes: $400K–$650K 🏡

• Rent (approx): $1,800–$2,500/month

👉 Compared to Bend:

• Lower home prices

• More value for your money

If you're wondering what those price ranges actually look like, it helps to compare the types of homes buyers can expect at different budgets. This is why many buyers relocate here.

🧾 Monthly Expenses in Redmond

Here’s a realistic breakdown of typical monthly costs:

Utilities ⚡

• $150–$300/month (varies by home size)

Groceries 🛒

• Slightly above national average

• Expect ~$400–$800/month depending on household

Gas & Transportation 🚗

• Necessary for most people

• Commutes to Bend are common

📍 Taxes in Oregon

This is a big one people ask about.

• ❌ No sales tax

• ✔️ State income tax applies

• ✔️ Property taxes are moderate

👉 Many buyers like:
No sales tax = everyday savings

🏡 Renting vs Buying in Redmond

This is where decisions start to shift.

Renting:

• Flexible

• Easier short-term

Buying:

• Builds equity 📈

• Locks in your payment

• Often similar monthly cost depending on loan

👉 Many buyers realize:
Buying can make more sense long-term. The right choice depends on your financial goals, how long you plan to stay, and the total cost of each option.

🌄 Lifestyle Value (What You’re Paying For)

Cost of living isn’t just about numbers.

In Redmond, you’re also paying for:

• Mountain views 🌄

• Outdoor lifestyle 🥾

• Slower pace of life 🌿

• Proximity to Bend

👉 That lifestyle is a big part of the value.

🧠 Real Relocation Story

I worked with a buyer moving from out of state who assumed Redmond would be “cheap.”

When we broke it down:

• It was more than they expected

• But still far better than Bend

They ended up buying and said:

👉 “We’re paying more than we used to… but getting way more lifestyle.”

That’s a common trade-off.

⚠️ Common Cost Mistakes

1. Comparing to the Wrong Area

Compare Redmond to Bend — not the Midwest.

2. Underestimating Lifestyle Costs

Outdoor lifestyle = gear, travel, activities

3. Only Looking at Home Price

Monthly payment matters more 💰 Focusing only on the purchase price can cause buyers to overlook the ongoing expenses that come with owning a home.

🤔 Is Redmond Affordable?

👉 Compared to Bend → YES
👉 Compared to national average → Depends

For many buyers:
👉 It’s the best balance of cost + lifestyle in Central Oregon

FAQ

Is Redmond cheaper than Bend?

Yes — especially for housing.

How much do you need to live comfortably in Redmond?

It depends, but housing is the biggest factor.

Is Redmond expensive?

It’s moderate — not cheap, but not Bend-level expensive.

Why are people moving to Redmond?

Affordability + lifestyle + growth.

🚀 Next Steps

If you’re thinking about moving to Redmond:

• Look at real monthly numbers

• Compare renting vs buying

• Explore neighborhoods that fit your budget

Finding the right neighborhood is just as important as finding the right price because it affects your lifestyle every day. That’s how you make a confident decision.

Holli Cobb, REALTOR
Real Estate Agent in Redmond, Oregon
Holli Sells Homes | REAL Broker
📧 [email protected]
🌐 HolliSellsHomes.net
📞 541-640-3800

Helping buyers in Redmond and Central Oregon. It’s ALL figure-out-able.