Cost of Living in Annex, OR

With a cost of living index of 88, Annex, OR is a very affordable place to live. Living here is 12% cheaper than the national average and 18% below the Oregon state average of 106. Annex is a small community of 304 residents.

Housing costs are the biggest factor in Annex's cost of living. The median monthly rent is $1,229 (7% below the US median of $1,319), and the median home value sits at $175,000 (43% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Annex is $49,792, which is 34% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Annex. The area sees an average annual temperature of 53.7°F, with summers averaging 75°F and winters around 33°F. Annual rainfall totals 9.5 inches spread over roughly 80 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.