Cost of Living in Malin, OR

With a cost of living index of 78, Malin, OR is a very affordable place to live. Living here is 22% cheaper than the national average and 28% below the Oregon state average of 106. Malin is a small community of 739 residents.

Housing costs are the biggest factor in Malin's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $183,300 (40% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Malin is $53,144, which is 29% 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 Malin. The area sees an average annual temperature of 47.1°F, with summers averaging 64°F and winters around 32°F. Annual rainfall totals 11.1 inches spread over roughly 88 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.