An Overview of Cost of Living in Klamath Falls, OR
Are you thinking about relocating, but curious about the potential cost of living in Klamath Falls? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Klamath Falls stands at 100, making it 0% equal to the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Klamath Falls is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
What Do Locals Say About the Cost of Living in Klamath Falls?
The most insightful perspective on a city comes from its residents. We recently surveyed 12 locals to gauge their perception of the cost of living in Klamath Falls. The feedback revealed that 42% of respondents found the cost of living to be reasonable, with prices on the decline, while 58% regarded it as notably expensive with prices that continue to rise.
Is Klamath Falls Affordable?
Is Klamath Falls an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Klamath Falls is 2.1% lower than the national average, while the average monthly rent prices are 19.3% lower than average. The affordability of any location can also be influenced by median income levels. Klamath Falls has a median household income of $40,783, which is 26.3% lower than the national average.
What Factors can Influence the Cost of Living in Klamath Falls?
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Klamath Falls, the groceries index is 7% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Klamath Falls, the healthcare costs are 0.9% higher than the national average.
Where is the Data From?
The Klamath Falls cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.
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