Cost of Living in Oakridge, OR

With a cost of living index of 83, Oakridge, OR is a very affordable place to live. Living here is 17% cheaper than the national average and 23% below the Oregon state average of 106. Oakridge is a small community of 3,197 residents.

Housing costs are the biggest factor in Oakridge's cost of living. The median monthly rent is $924 (30% below the US median of $1,319), and the median home value sits at $231,500 (24% below the national median of $304,900). At current prices, the median home costs roughly 6.5x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Oakridge is $35,437, which is 53% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Oakridge. The area sees an average annual temperature of 53.1°F, with summers averaging 66°F and winters around 42°F. Annual rainfall totals 40.8 inches spread over roughly 146 days.

Everyday prices in the Eugene-Springfield, 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.