Cost of Living in Eagle Point, OR

With a cost of living index of 110, Eagle Point, 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. Eagle Point is a smaller community of 9,783 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Eagle Point's cost of living. The median monthly rent is $1,371 (4% above the US median of $1,319), and the median home value sits at $393,400 (29% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Eagle Point is $89,187, which is 19% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Eagle Point. The area sees an average annual temperature of 55.9°F, with summers averaging 72°F and winters around 41°F. Annual rainfall totals 18.4 inches spread over roughly 103 days.

Everyday prices in the Medford, 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.