Cost of Living in Svensen, OR

With a cost of living index of 115, Svensen, OR is a notably expensive place to live. Living here is 15% more expensive than the national average and 9% above the Oregon state average of 106. Svensen is a small community of 897 residents.

Housing costs are the biggest factor in Svensen's cost of living. The median monthly rent is $1,594 (21% above the US median of $1,319), and the median home value sits at $371,400 (22% above the national median of $304,900). At current prices, the median home costs roughly 6.3x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Svensen is $59,423, which is 21% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Climate is another factor for anyone considering a move to Svensen. The area sees an average annual temperature of 51.4°F, with summers averaging 60°F and winters around 44°F. Annual rainfall totals 70.3 inches spread over roughly 196 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.