Cost of Living in Phoenix, OR

With a cost of living index of 105, Phoenix, OR is somewhat more expensive than average. Living here is 5% more expensive than the national average and in line with the Oregon state average. Phoenix is a small community of 4,383 residents.

Housing costs are the biggest factor in Phoenix's cost of living. The median monthly rent is $1,263 (4% below the US median of $1,319), and the median home value sits at $367,700 (21% 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 Phoenix is $60,656, which is 19% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Phoenix. The area sees an average annual temperature of 55.9°F, with summers averaging 72°F and winters around 41°F. Annual rainfall totals 18.4 inches spread over roughly 103 days.

Everyday prices in the Medford, 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.