Cost of Living in Gearhart, OR

With a cost of living index of 113, Gearhart, OR is somewhat more expensive than average. Living here is 13% more expensive than the national average and 6% above the Oregon state average of 106. Gearhart is a small community of 1,959 residents.

Housing costs are the biggest factor in Gearhart's cost of living. The median monthly rent is $1,089 (17% below the US median of $1,319), and the median home value sits at $522,100 (71% 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 Gearhart is $85,966, which is 14% higher than the national median of $75,149. Residents spend roughly 15% 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 Gearhart. The area sees an average annual temperature of 51.4°F, with summers averaging 60°F and winters around 44°F. Annual rainfall totals 70.3 inches spread over roughly 196 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.