Cost of Living in Depoe Bay, OR

With a cost of living index of 110, Depoe Bay, OR is somewhat more expensive than average. Living here is 10% more expensive than the national average and 4% above the Oregon state average of 106. Depoe Bay is a small community of 2,025 residents.

Housing costs are the biggest factor in Depoe Bay's cost of living. The median monthly rent is $1,423 (8% above the US median of $1,319), and the median home value sits at $369,900 (21% above the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Depoe Bay is $68,636, which is 9% 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.

Climate is another factor for anyone considering a move to Depoe Bay. The area sees an average annual temperature of 50.6°F, with summers averaging 57°F and winters around 45°F. Annual rainfall totals 67.3 inches spread over roughly 171 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.