Cost of Living in Talent, OR

With a cost of living index of 110, Talent, OR is somewhat more expensive than average. Living here is 10% more expensive than the national average and 3% above the Oregon state average of 106. Talent is a smaller community of 6,271 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Talent's cost of living. The median monthly rent is $1,441 (9% above the US median of $1,319), and the median home value sits at $365,500 (20% above the national median of $304,900). At current prices, the median home costs roughly 6.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Talent is $53,843, which is 28% 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 Talent. 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.