Cost of Living in Canyon City, OR

With a cost of living index of 77, Canyon City, OR is a very affordable place to live. Living here is 23% cheaper than the national average and 29% below the Oregon state average of 106. Canyon City is a small community of 920 residents.

Housing costs are the biggest factor in Canyon City's cost of living. The median monthly rent is $832 (37% below the US median of $1,319), and the median home value sits at $184,300 (40% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Canyon City is $88,542, which is 18% higher than the national median of $75,149. Residents spend roughly 11% 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 Canyon City. The area sees an average annual temperature of 52.7°F, with summers averaging 70°F and winters around 37°F. Annual rainfall totals 9.8 inches spread over roughly 98 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.