States › Oregon › Klamath Falls

Is Klamath Falls, OR expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,23330% lower than U.S. average
💵 Families earn per year (2026)$50,358about $4,197/month · 42% lower than U.S. average
🔑 House price$287,00014% lower than U.S. average

Rent is lower than in 74% of U.S. cities. A typical house costs about 5.7 years of household income. Commutes are short, about 14.3 minutes.

How much money do I need?

To rent here comfortably, you should earn about $49,320 a year. That is $24 an hour at a full-time job.

Is rent cheaper than other Oregon cities?

Yes. Rent here is cheaper than in most of Oregon. It is number 12 of 105 cities from cheapest to most expensive.

Klamath Falls
$1,233
Milwaukie
$1,728
Ashland
$1,842
Hayesville
$1,684
Roseburg
$1,228
Sherwood
$2,264
Altamont
$1,349

How much do households earn in Klamath Falls?

Under $25k
23.5%
$25k–50k
21.7%
$50k–100k
28.1%
$100k–150k
10.8%
$150k+
5.1%

Share of households by yearly income. 15.9% of households earn $100,000 or more.

Rent by apartment size in Klamath Falls

SizeKlamath FallsU.S. average
Studio$754$1,338
1 bedroom$833$1,324
2 bedrooms$1,070$1,509
3 bedrooms$1,669$1,698
4 bedrooms$2,651$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Klamath Falls overall?

Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
109
Goods (food, clothes…)
105
Utilities
107
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Klamath Falls, so the Oregon figure is shown.

Taxes and bills in Klamath Falls

🏛️ Property tax$2,188a year · 0.76% of home value · U.S. $3,119
⚡ Electric bill$100a month (typical) · U.S. $156

Life in Klamath Falls

Commute to work14.3 minU.S.: 26.4 min
College degree24%U.S.: 35.7%
Own their home48.9%U.S.: 65.2%
Below poverty line23.4%U.S.: 12.5%
Unemployment8.5%U.S.: 5.2%

Is it cheaper to rent or buy in Klamath Falls?

Renting is cheaper right now: about $758 a month less.

Renting
$1,233
Owning
$1,991

Owning assumes a typical $287,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,700 for the down payment.

Frequently asked questions

What is the average rent in Klamath Falls, OR?

Renting in Klamath Falls costs a median of about $1,233 a month in 2026, including utilities. The Oregon median is $1,811.

How much do I need to make to live in Klamath Falls?

To keep rent under 30% of income, you need about $49,320 a year, or $24 an hour at a full-time job.

Is Klamath Falls cheap or expensive?

Klamath Falls is rated OK: rent takes 29.4% of the typical household income of $50,358. It ranks 12th cheapest of 105 Oregon cities we track.

How much are property taxes in Klamath Falls?

The median homeowner in Klamath Falls pays $2,188 a year in property taxes, about 0.76% of the median home value.

Is Klamath Falls more expensive than the national average?

Overall prices in Oregon are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Klamath Falls?

The median home value in Klamath Falls is $287,000, about 5.7 times the typical yearly household income.

22,115 people live in Klamath Falls. Numbers are typical (middle) values.