Living in Bonanza, Oregon
Cost of living, income, home prices, rent and demographics of Bonanza · Census data 2020–2024
Bonanza has 632 residents with a median age of 38. The median household income is $66,250 (20% lower than the Oregon median), the median home value is $261,700, the median rent is $489/month.
Bonanza is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bonanza at a glance
- Population
- 632
- Median age
- 38State: 40.4
- Median household income
- $66,250State: $83,011
- Median home value
- $261,700State: $477,600
- Median rent
- $489/moState: $1,525
- Homeowners
- 62%
- Bachelor's degree or higher
- 20.4%
- Average commute
- 35 min
Is Bonanza a good place to live?
Pros: Home values 45% lower than the state median.
Cons: Median household income 20% lower than the Oregon median; an average commute of 35 minutes; a poverty rate of 17.2%.
The weather is best in June to September.
Cost of living in Bonanza
Housing is the biggest part of the cost of living. In Bonanza the median home value is $261,700, 21% lower than the U.S. median. Renters pay a median of $489 per month, which is 15.8% of household income. Homeowners with a mortgage pay $1,313 a month in housing costs.
Bonanza median household income
The median household income in Bonanza is $66,250 and the income per person is $37,356. 17.2% of residents live below the poverty line (Oregon: 11.9%).
Housing in Bonanza: homes for sale and rent
- Housing units
- 233
- Owner-occupied
- 62%
- Renter-occupied
- 38%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 3.04
Bonanza demographics
- Population
- 632
- Median age
- 38
- Under 18
- 32.1%
- 65 and older
- 23.7%
- Households
- 208
- Foreign-born
- 14.2%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Bonanza ›
Education in Bonanza
20.4% of adults 25 and older in Bonanza have a bachelor's degree or higher (Oregon: 36.8%), and 12.8% have a graduate or professional degree.
Jobs and commute in Bonanza
- Unemployment rate
- 0%State: 5.4%
- Average commute
- 35 minState: 23 min
- Work from home
- 6.5%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 13.5%
- Homes with broadband
- 78.8%
Bonanza vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bonanza | 632 | $66,250 | $261,700 | $489 |
| Malin | 799 | $49,643 | $206,900 | $981 |
| Merrill | 819 | $56,607 | $204,700 | $678 |
| Altamont | 19,927 | $58,629 | $249,200 | $1,015 |
| Tulelake | 925 | $47,574 | $170,200 | $852 |
| Falcon Heights | 837 | $61,773 | $193,600 | — |
| Klamath Falls | 22,115 | $46,693 | $287,000 | $986 |
| Newell | 472 | $36,620 | — | — |
| Bly | 150 | $23,214 | — | — |
More for people moving to Bonanza
Bonanza ZIP code ›Weather and climate ›Living in Bonanza: FAQ
What is the median household income in Bonanza, OR?
The median household income in Bonanza is $66,250, 20% lower than the Oregon median of $83,011 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bonanza?
The median home value in Bonanza is $261,700, compared with $477,600 in Oregon.
How much is rent in Bonanza?
The median gross rent in Bonanza is $489 per month, about 15.8% of household income.
Is Bonanza, OR a good place to live?
Pluses: home values 45% lower than the state median. Minuses: median household income 20% lower than the Oregon median; an average commute of 35 minutes; a poverty rate of 17.2%.
What is the median age in Bonanza?
The median age in Bonanza is 38 years (Oregon: 40.4).
How long is the commute in Bonanza?
The average commute to work in Bonanza is 35 minutes; 6.5% of workers work from home.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bonanza?
20.4% of adults in Bonanza have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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