Cost of Living in Shady Cove, OR

With a cost of living index of 90, Shady Cove, OR is a very affordable place to live. Living here is 10% cheaper than the national average and 17% below the Oregon state average of 106. Shady Cove is a small community of 3,083 residents.

Housing costs are the biggest factor in Shady Cove's cost of living. The median monthly rent is $1,086 (18% below the US median of $1,319), and the median home value sits at $248,800 (18% below the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Shady Cove is $45,750, which is 39% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Shady Cove. 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.