Klamath Falls, OR

Very Low · 73

Oregon · Population 21,879 · Updated March 2026

$962
Median Rent / Month
$47,268
Median Income
$257,400
Median Home Value
$1,000
Owner Costs / Month

Affordability

How far your income goes in Klamath Falls

24.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$11,544
Annual Rent
$4,680
State Income Tax
$2,394
Property Tax (est.)

Cost of Living Overview

Klamath Falls is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Klamath Falls residents can expect to pay median rent of $962/month while earning a median household income of $47,268/year.

The median home value in Klamath Falls, OR is $257,400, with typical monthly owner costs around $1,000 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Klamath Falls.

Frequently Asked Questions

Common questions about living costs in Klamath Falls

What is the cost of living in Klamath Falls, OR?
The cost of living index in Klamath Falls, OR is 73 (US average = 100). Median monthly rent is $962, median household income is $47,268/year, and the median home value is $257,400.
Is Klamath Falls, OR affordable?
Yes, Klamath Falls is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 24.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Klamath Falls, OR?
The median gross rent in Klamath Falls, OR is $962 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,544.
What is the median household income in Klamath Falls?
The median household income in Klamath Falls, OR is $47,268 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.