Cost of Living in Cannon Beach, OR

With a cost of living index of 133, Cannon Beach, OR is a notably expensive place to live. Living here is 33% more expensive than the national average and 26% above the Oregon state average of 106. Cannon Beach is a small community of 1,368 residents.

Housing costs are the biggest factor in Cannon Beach's cost of living. The median monthly rent is $1,114 (16% below the US median of $1,319), and the median home value sits at $760,900 (150% above the national median of $304,900). At current prices, the median home costs roughly 10.7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Cannon Beach is $70,815, which is 6% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Cannon Beach. The area sees an average annual temperature of 51.4°F, with summers averaging 60°F and winters around 44°F. Annual rainfall totals 70.3 inches spread over roughly 196 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.