Cost of Living in Waldport, OR

With a cost of living index of 91, Waldport, OR is slightly more affordable than average. Living here is 9% cheaper than the national average and 15% below the Oregon state average of 106. Waldport is a small community of 2,025 residents.

Housing costs are the biggest factor in Waldport's cost of living. The median monthly rent is $938 (29% below the US median of $1,319), and the median home value sits at $318,400 (4% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Waldport is $50,000, which is 33% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Waldport. The area sees an average annual temperature of 50.6°F, with summers averaging 57°F and winters around 45°F. Annual rainfall totals 67.3 inches spread over roughly 171 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.