Cost of Living in Island City, OR

With a cost of living index of 87, Island City, OR is a very affordable place to live. Living here is 13% cheaper than the national average and 20% below the Oregon state average of 106. Island City is a small community of 1,165 residents.

Housing costs are the biggest factor in Island City's cost of living. The median monthly rent is $921 (30% below the US median of $1,319), and the median home value sits at $272,600 (11% below 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 Island City is $62,552, which is 17% lower 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. 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 Island City. The area sees an average annual temperature of 42.8°F, with summers averaging 58°F and winters around 29°F. Annual rainfall totals 37.3 inches spread over roughly 146 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.