Cost of Living in Lakeview, OR

Population 3,043 · Oregon · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lakeview offers a notably favorable income-to-housing ratio for its region. The typical home — $198,000 — costs less than 2.8 times median household income of $70,436, a threshold many coastal markets passed a decade ago. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.

Geographically, Lakeview lies roughly 140 miles southeast of the nearest major metro, Bend. Median home values run roughly 69% lower than Bend's $647,000.

Cost Overview

Housing 65
Rent 78

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lakeview

The median home value in Lakeview is $198,000 — 35% below the national median of $305,000. Median rent runs $1,021/month, 22% lower than the national median of $1,314/month. The median household income of $70,436/year is 6% lower than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 54.1°F and lows of 31.6°F. Overall, Lakeview has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$198,000
35% below avg
Zillow Home Value
$385,420
Zillow ZHVI
Median Rent
$1,021/mo
22% below avg
Price-to-Rent Ratio
16.2x
Favors buying
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$903
1 BR
$1,003
2 BR
$1,252
3 BR
$1,754
4 BR
$2,023
Owner-occupied 57.0%
Renter-occupied 43.0%

💰 Estimated Monthly Budget

Rent median rent
$1,021
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,635/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
8.5 min
69% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.8%

Commute Mode

Drove alone
66.2%
Carpooled
7.5%
Walked
17.4%
Bicycle
2.6%
Work from home
5.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.9%
Total Sales Tax 0.0%
State rate 0.0%
Avg local rate 0.0%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$70,436
6% below avg
Per Capita Income
$37,074
Unemployment Rate
2.9%
40% below avg
Poverty Rate
12.0%
Labor Force Participation
60.4%

🎓 Education

Bachelor's degree+ 11.6%
Graduate degree 8.1%

👥 Demographics

Median Age 44.3
Male median age 43.2
Female median age 45.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
54.1°F
Avg Low
31.6°F
Annual Precip
15.5"
10° 28° 45° 63° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353543495868797871574233
Low °F 222023273441484742322520
Precip" 2.011.401.971.941.510.990.360.330.530.981.611.87

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 28 — Good
72.9%
Good air days/yr
134
Max AQI recorded
364
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
14.9:1
Student-teacher ratio
5
Public schools
744
Total enrollment

Frequently Asked Questions

What is the cost of living in Lakeview, OR?

Lakeview has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Lakeview, OR?

The median gross rent in Lakeview is $1,021 per month based on 2023 Census data.

What is the average home price in Lakeview?

The median home value in Lakeview is $198,000 according to Zillow and Census data.

What is the median income in Lakeview?

The median household income in Lakeview is $70,436 per year (2023 ACS 5-year estimates).

What is the sales tax in Lakeview, OR?

The combined state and local sales tax rate in Lakeview is 0.0%. The Oregon state income tax top rate is 9.9%.

Is Lakeview, OR affordable?

Yes, Lakeview is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

What is the weather like in Lakeview?

Lakeview has average high temperatures of 54.1°F and average lows of 31.6°F. Annual precipitation is 15.5". Data from NOAA 1991–2020 Climate Normals.

Lakeview at a Glance

Population
3,043
Median Income
$70,436
Home Value
$198,000
Median Rent
$1,021/mo
Unemployment
2.9%
Avg High Temp
54.1°F
Sales Tax
0.0%
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🗺️ County data for Oregon

Explore county-level cost of living data

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