Cost of Living in Falls City, OR

With a cost of living index of 91, Falls City, OR is slightly more affordable than average. Living here is 9% cheaper than the national average and 16% below the Oregon state average of 106. Falls City is a small community of 1,222 residents.

Housing costs are the biggest factor in Falls City's cost of living. The median monthly rent is $1,067 (19% below the US median of $1,319), and the median home value sits at $275,400 (10% below 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 Falls City is $51,094, which is 32% 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. 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 Falls City. The area sees an average annual temperature of 54.1°F, with summers averaging 67°F and winters around 42°F. Annual rainfall totals 40.1 inches spread over roughly 148 days.

Everyday prices in the Salem, 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.