The median home price in Oregon is $482,600 which has increased by 3.9% since the last year. The Oregon housing market has witnessed a 5.2% year-over-year decline in the number of homes listed. With a 3-month supply left, you will get your choice of house with the seller being more willing to negotiate.
As per our research, home prices are relatively higher in coastal areas near Newport, OR. On the other hand, as you move towards the inland areas of the Beaver State, you can find cheaper housing options.
4 Reasons to live in Oregon 🌆
- Cheaper Houses: The median home sale price in Oregon is ~$483K. But you can get houses between $238K and $324K in cities like Baker City, Pendleton, and Coos Bay.
- Tax Benefits: Oregon maintains a flat income tax rate of 3.07% for all residents.
- Affordable Grocery: Grocery in cities that are listed below is up to 7.2% lower than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than national average. You can save up to $600 per month in rent.
Cheapest Places to Live in Oregon in 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Baker City | $54,063 | $238,703 | 10,247 | 3.4% | 13.8% |
| Umatilla | $56,413 | $266,766 | 7,630 | 3.2% | 16.0% |
| La Grande | $52,039 | $271,191 | 13,106 | 3.3% | 20.8% |
| Pendleton | $67,931 | $279,175 | 17,070 | 3.1% | 15.5% |
| Klamath Falls | $46,695 | $282,233 | 21,977 | 4.1% | 22.1% |
| Ontario | $39,750 | $283,549 | 11,732 | 6.1% | 21.4% |
| Coos Bay | $53,331 | $324,045 | 15,840 | 3.9% | 14.6% |
7 Cheapest Places to Live in OR
The annual population growth of 10.5% since 2010 is reflective of people’s intention to move to Oregon. If you’re considering shifting to the Beaver State, here are some cities that offer affordable living options:
1. Baker City
| 🟢 Cost of Living Compared to National Average | 18.4%⬇️ |
| 🏡 Median Home Price | $238,703 |
| 💲 Median Rent | $806 |
| 🌅 Known For | Sumpter Valley Railway |
Baker City is an affordable place to live in Oregon. Its median house rent ranges from $750 – $1,520. It also offers very affordable utilities which is 19% lower than the national average.
Situated in Eastern Oregon, Baker City offers stunning natural landscapes with easy access to outdoor activities like hiking, fishing, and camping. For instance, the nearby Wallowa Mountains provide breathtaking view and opportunities for outdoor adventures.
» Homes for Sale in Baker City, OR: Find your dream home in this city.
2. Umatilla
| 🟢 Cost of Living Compared to National Average | 11.5%⬇️ |
| 🏡 Median Home Price | $266,766 |
| 💲 Median Rent | $1,095 |
| 🏞️ Known For | Umatilla Marina & RV Park |
Umatilla is one of the most budget-friendly rental destinations in Oregon with an average home rent ranging from $919 – $1,700. It also offers affordable grocery which is 2.6% lower than the national average.
Umatilla boasts breathtaking natural beauty with picturesque views of the Columbia River and nearby mountains. Residents enjoy easy access to outdoor activities like hiking and boating, enhancing their quality of life.
» Homes for Sale in Umatilla, OR: Browse thousands of property listings in Umatilla.
3. La Grande
| 🟢 Cost of Living Compared to National Average | 15.0%⬇️ |
| 🏡 Median Home Price | $271,191 |
| 💲 Median Rent | $1,100 |
| 🏖️ Known For | Hot Lake Springs |
With rental costs below the national average, La Grande stands as one of the most affordable cities to live in Oregon. The house rent price is between $500 to $3,000.
La Grande is known for its scenic beauty, outdoor recreation, and cultural attractions. The main attractions of La Grande is its beautiful location in the Blue Mountains.
» Homes for Sale in La Grande, OR: View all the properties for sale in this city.
4. Pendleton
| 🟢 Cost of Living Compared to National Average | 11.5%⬇️ |
| 🏡 Median Home Price | $279,175 |
| 💲 Median Rent | $1,150 |
| 🏖️ Known For | Pendleton Woolen Mills |
Pendleton offers budget-friendly living with a median rent that is $850 lower than the national median. Moreover, the transportation costs are 33.4% below than the national average in the city.
Pendleton is notable for its rich history in the wool business. It is famous for producing high-quality wool garments, fabrics, and trade blankets. These distinctive Pendleton products are a testament to the city’s heritage and craftsmanship, contributing to its global recognition.
» Homes for Sale in Pendleton, OR: Browse through thousands of affordable properties.
5. Klamath Falls
| 🟢 Cost of Living Compared to National Average | 13.8%⬇️ |
| 🏡 Median Home Price | $282,233 |
| 💲 Median Rent | $1,184 |
| 🎨 Known For | Oregon Institute of Technology (OIT) |
Often referred to as the ‘City of Sunshine,’ Klamath Falls’ cost of living is 13.8% lower than the national average. The average utilities expenses are 6% below the national average.
Klamath Falls’ affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in the US.
» Homes for Sale in Klamath Falls, OR: Browse through thousands of properties in this city.
6. Ontario
| 🟢 Cost of Living Compared to National Average | 19.9%⬇️ |
| 🏡 Median Home Price | $283,549 |
| 💲 Median Rent | $1,500 |
| 🏫 Known For | Jordan Crater |
The house rent in Ontario is between $1,500 – $1,900. With an average household income of $39,750, you can comfortably live in this city.
Positioned along the Oregon-Idaho border, Ontario residents enjoy easy access to neighboring cities like Boise, Idaho. This offers them additional amenities, employment opportunities, and cultural experiences.
» Homes for Sale in Ontario, OR: Find a home in one of the cheapest places to live in Oregon.
7. Coos Bay
| 🟢 Cost of Living Compared to National Average | 10.0%⬇️ |
| 🏡 Median Home Price | $324,045 |
| 💲 Median Rent | $1,250 |
| 🖼️ Known For | Oregon Dunes National Recreation Area |
Coos Bay is indeed one of the best places to live in Oregon. The annual expenditure on food for an individual amounts to $3,322. This makes it one of the most budget-friendly options across the country.
Coos Bay offers a diverse array of dining options, ranging from seafood shacks to gourmet eateries. You can indulge in fresh, locally sourced seafood at establishments like Fisherman’s Grotto. You can also enjoy the savor farm-to-table cuisine at restaurants like So It Goes Coffeehouse & Bakery.
» Homes for Sale in Coos Bay, OR: Get yourself a home in this city.
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Bottom Line
The cost of living in Oregon is 10% higher than the national average. It is also home to some of the most expensive cities in America. However, if you want to shift to Oregon, you can find affordable housing in cities like Baker City, Umatilla, and La Grande.
Cities like Ontario and Coos Bay have a slightly expensive cost of living but provide better job opportunities. You must research the city’s home prices and living costs before relocating.
Find Homes for Sale in OR Under Your Specific Budget
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Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.
To compile this list of the cheapest areas to live in Oregon, we have drawn data from the Economic Research Institute, World Population Review, Rent Cafe, Zillow and Best Places.
FAQs
Which is the cheapest place to live in Oregon?
The cheapest place to live in Oregon is Baker City.
» 7 Cheapest Places to Live in Oregon: Find out the other cheapest places to live in Oregon!
Is Oregon the cheapest place to live in?
No, it is not. The median home value is $482,600. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
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