Cost of Living in Coos Bay, OR

With a cost of living index of 89, Coos Bay, OR is a very affordable place to live. Living here is 11% cheaper than the national average and 18% below the Oregon state average of 106. Coos Bay is a smaller community of 15,867 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Coos Bay's cost of living. The median monthly rent is $986 (25% below the US median of $1,319), and the median home value sits at $272,100 (11% below the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Coos Bay is $55,292, which is 26% lower than the national median of $75,149. Residents spend roughly 21% 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 Coos Bay. The area sees an average annual temperature of 53°F, with summers averaging 59°F and winters around 47°F. Annual rainfall totals 59.1 inches spread over roughly 159 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.