Quick facts: Fossil, OR

Quick Facts

111
Cost of Living
above US average
448
Population
11.16
Crime Rate per 1000
below US average
$50,938
Median Income
below US average
$380,000
Median House Price
above US average
$1757
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,938.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $380,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $50,938
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1757/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $50,938
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fossil, OR

Fossil is a small, charming city nestled in Wheeler County, Oregon, known for its rich history and beautiful natural surroundings. This quaint town is located near the John Day River, surrounded by the scenic landscapes of eastern Oregon, which includes rolling hills, canyons, and vast open spaces. Fossil is particularly famous for its paleontological significance; the area is a hotspot for fossil hunting, particularly for fossilized plant and animal remains from the Miocene epoch. With a population of around 400 residents, Fossil offers a tight-knit community atmosphere that is both welcoming and friendly. The town features several local shops and amenities catered towards residents and visitors alike. Outdoor enthusiasts can explore the nearby Clarno Unit of the John Day Fossil Beds National Monument, known for its stunning geological formations and hiking trails. Fossil also has its own unique events, such as the annual Fossil Festival, which celebrates the town’s rich heritage and attracts visitors looking to enjoy local culture. Whether you're interested in history, nature, or simply experiencing small-town charm, Fossil, OR, offers a unique and delightful experience.

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