Bonanza, OR
Population 550 · Oregon
About Bonanza, OR
Bonanza is a small community located in Oregon with a population of 550 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,750 per year, which is 23% above the national median of $75,149. The median age of 56.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bonanza features a median home value of $235,200, which is 4% below the national median of $244,900. This positions Bonanza in a moderately priced market relative to the rest of the country. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 255 total housing units, 72% are owner-occupied (171 units) and 28% are renter-occupied (68 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bonanza shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.7%, above the national average of 12.4%. Workers in Bonanza have an average one-way commute time of 28.3 minutes.
Education & Demographics
26.6% of Bonanza residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 16.9% White, 5.5% Hispanic or Latino, 0.0% Black or African American, and 3.3% Asian residents, with 11.3% of the population being foreign-born.
How Bonanza Ranks in Oregon
Cost of Living in Bonanza, OR
Compared to national averages, Bonanza has a median household income of $92,750 (23% above the national median of $75,149). Home values average $235,200, which is 4% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Oregon, Bonanza's income is 22% above the state average of $76,196, and home values are 38% below the state median of $382,095.
Why Live in Bonanza, OR?
Bonanza offers a strong local economy with a median household income of $92,750, well above the national average, and affordable housing with a median home value of $235,200, below the US average of $244,900, and rent that’s lower than the national average at $850/month. Additionally, the city features a strong job market with an unemployment rate of just 3.6%.
Bonanza has a population of 550 with a median age of 56.2 years. Compare Bonanza with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Bonanza
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marcola | 561 | $78,125 | $330,600 | Compare |
| Seventh Mountain | 530 | $137,885 | $1,133,100 | Compare |
| Crawfordsville | 528 | $0 | $404,500 | Compare |
| O'Brien | 528 | $29,141 | $145,900 | Compare |
| Mapleton | 527 | $53,333 | $352,600 | Compare |
| Fairview | 523 | $45,321 | $269,300 | Compare |
| Wasco | 523 | $60,000 | $204,300 | Compare |
| Manzanita | 581 | $98,125 | $682,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bonanza With Other Cities
Frequently Asked Questions about Bonanza
What is the population of Bonanza, OR?
The population of Bonanza, OR is 550 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oregon.
What is the median household income in Bonanza?
The median household income in Bonanza, OR is $92,750 per year, which is 23% above the national median of $75,149.
What is the median home value in Bonanza?
The median home value in Bonanza, OR is $235,200, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonanza?
The median monthly rent in Bonanza, OR is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza, OR is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bonanza, OR a good place to live?
Bonanza offers above-average incomes, affordable housing, and a strong job market. With a population of 550 and a median age of 56.2, the city appeals to established professionals and retirees.
How educated is Bonanza, OR?
26.6% of residents in Bonanza aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bonanza?
Key cost-of-living indicators for Bonanza, OR: median home value is $235,200 (4% below national), median rent is $850/month, and median household income is $92,750. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bonanza?
The poverty rate in Bonanza, OR is 18.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bonanza, OR?
Bonanza's population is 16.9% White, 5.5% Hispanic or Latino, 0.0% Black or African American, 3.3% Asian, and 0.0% two or more races. 11.3% of residents are foreign-born.