Cost of Living in Lakeside, OR

With a cost of living index of 88, Lakeside, OR is a very affordable place to live. Living here is 12% cheaper than the national average and 19% below the Oregon state average of 106. Lakeside is a small community of 1,839 residents.

Housing costs are the biggest factor in Lakeside's cost of living. The median monthly rent is $947 (28% below the US median of $1,319), and the median home value sits at $274,000 (10% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Lakeside is $57,829, which is 23% lower than the national median of $75,149. Residents spend roughly 20% 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 Lakeside. The area sees an average annual temperature of 53°F, with summers averaging 59°F and winters around 47°F. Annual rainfall totals 59.1 inches spread over roughly 159 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.