Cost of Living in Klamath, CA

With a cost of living index of 88, Klamath, CA is a very affordable place to live. Living here is 12% cheaper than the national average and 55% below the California state average of 144. Klamath is a small community of 816 residents.

Housing costs are the biggest factor in Klamath's cost of living. The median monthly rent is $995 (25% below the US median of $1,319), and the median home value sits at $244,500 (20% below the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Klamath is $48,250, which is 36% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Klamath. The area sees an average annual temperature of 52.9°F, with summers averaging 57°F and winters around 49°F. Annual rainfall totals 58 inches spread over roughly 141 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.