Cost of Living in Deschutes River Woods, OR

With a cost of living index of 128, Deschutes River Woods, OR is a notably expensive place to live. Living here is 28% more expensive than the national average and 22% above the Oregon state average of 106. Deschutes River Woods is a smaller community of 5,755 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Deschutes River Woods's cost of living. The median monthly rent is $1,645 (25% above the US median of $1,319), and the median home value sits at $506,200 (66% above the national median of $304,900). At current prices, the median home costs roughly 6.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Deschutes River Woods is $82,371, which is 10% higher than the national median of $75,149. Residents spend roughly 24% 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 Deschutes River Woods. The area sees an average annual temperature of 48.9°F, with summers averaging 65°F and winters around 35°F. Annual rainfall totals 8.5 inches spread over roughly 78 days.

Everyday prices in the Bend, OR (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.