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Economy: Bend, Redmond and La Pine Oregon home buying, real estate listings, and homes for sale in Deschutes                      County, OR
Welcome > Local Info > Economy ...


Find Out More About the Bend, Redmond and La Pine Area Economy and Job Market
 

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This page is intended to provide a very brief overview of economic facts and figures so you can see what it is like to do business in one of the most beautiful places in the Pacific Northwest. The Central Oregon region encompasses dramatic snow capped mountain ranges to high desert plateaus within counties of Crook, Deschutes and Jefferson and the Confederate Tribes of Warm Spings. We will focus mainly on Deschutes County, which is generally referred to as Bend, but really encompasses the towns of Bend, Sisters, and Redmond. 

Topography and Climate 

The geographical climate for Central Oregon is predominately High Desert. Summer temperatures range from an average high of 85 degrees Fahrenheit to a low of 44 degrees Fahrenheit. Winters average highs are in the 40s to lows in the 20s. Precipitation ranges from 10.5 to 12.4 inches, annually. Every community in Central Oregon has its own variations of temperature and precipitation, relative to its elevation and proximity to the mountains.
 

Elevation

Bend
Redmond
Sisters
Sunriver
LaPine

3623'
3077'
3200'
4100'
4300'

Total Area Population: 146,350

 

1995

2000

Deschutes County

89,500

109,600

Bend

29,425

53,040

Redmond

9,650

13,705

Sisters

765

850

Unicorporated areas

49,660

42,005

Crook County

15,700

18,150

Jefferson County

15,400

18,600

Diversity and Technology
Traditionally a region dependant on wood products, agriculture and more recently tourism, Central Oregon has steadily diversified its employment and economic base. For the past decade, Deschutes County has lead Oregon in high technology growth (over 270%) . Numerous companies from the Silicon Valley, Portland-Vancouver Metro, and Puget Sound have relocated or expanded here - escaping skyrocketing costs, electrical shortages and tight labor markets. Many of these firms are small but extremely innovative, producing niche-market products from semiconductors to software, medical instruments to recreational equipment.

Top 10 Area Employers

Bright Wood Corp.

1470

St. Charles Medical Center

1463

Les Schwab Tires

1184

Mt. Bachelor (Seasonal)

825

Sunriver Resort

700

Eagle Crest Partners (Golf Resort)

550

Wal-Mart

530

Fred Meyer

525

Clear Pine Mouldings

520

Beaver Motor Coaches

509

Financial
Of the thirteen banks in Central Oregon, two are national and six are statewide with several branches. There are several credit unions and savings and loans organizations in each community.

Media
Twelve newspapers are available in Central Oregon, including two dailies. Several national and regional newspapers are also available throughout the region.

Television
Seven television stations - four national affiliates and one public broadcasting - and five cable television companies serve the area.

Radio
Central Oregon has 12 radio stations that broadcast throughout the region. Included are talk radio, sports, traditional, progressive, hot country, adult contemporary, Christian, classical, oldies and easy listening rock.


Employment and Payroll Deschutes County

Industry

Average Employment

Total Payroll

Annual Average Wage

Construction

3,877

$112,332,093

$28,977

Manufacturing

5,895

$182,623,111

$30,980

Trans., Utilities

1,886

$67,209,942

$35,632

Trade

13,164

$249,958,016

$18,988

Fin./Ins./Real Est.

3,019

$87,116,299

$28,856

Services

13,009

$310,663,336

$23,880

Federal Govt.

835

$34,175,368

$40,949

State Govt.

791

$27,627,010

$34,958

Local Govt.

5,203

$150,060,560

$28,839

Other

759

$15,439,623

$20,349



Income Levels, Median Family of 4

County

2000

1999

1998

Deschutes

$41,600

$41,500

$40,300

Crook

$34,400

$34,400

$32,700

Jefferson

$35,900

$35,900

$34,700

Oregon

$46,000

$45,100

$43,200



Average Wages Offered For Selected Occupations

Trade

Central Oregon

Oregon

WA

CA

Carpenter

$14.15

$15.79

$18.17

$17.97

Truck Driv. Heavy

$13.13

$13.72

$15.64

$14.77

Plumber

$16.77

$21.72

$22.18

$19.51

Salesperson: Retail

$ 8.96

$ 9.97

$10.26

$ 9.65

Cook: Restaurant

$ 8.44

$ 8.27

$ 8.78

$ 8.60

Secretary

$10.18

$11.13

$12.66

$13.87

Receptionist

$ 8.91

$ 9.81

$ 9.81

$10.11

Professional

Marketing Manager

$23.36

$27.79

$26.94

$31.62

Electrical Engineer

$25.57

$26.62

$ n/a

$32.05

Industrial Prod. Mngr

$24.31

$26.99

$28.34

$29.53



Unemployment Rates

Deschutes, Crook, and Jefferson Counties vs Oregon and United States

Year

Central Oregon

Oregon

United States

1996

8.7%

5.9%

5.4%

1997

8.1%

5.8%

4.7%

1998

7.2%

5.6%

4.5%

1999

6.7%

5.7%

4.2%

2000

5.5%

4.9%

4.0%



Housing, Average Monthly Rent (3 bedroom, 2 bath home)

Town

1998

1999

2000

Bend

$727

$793

$852

Redmond

$680

$705

$755

Sisters

$N/A

$1100

$875

Madras/Jefferson County

$559

$688

$600

Prineville/Crook County

$606

$589

$622

All information provided by:
Economic Development for Central Oregon
63085 N. Hwy. 97, St. 105, Bend, Or. 97701
541-388-3236, 800-342-4135, fax: 541-388-6705
Email: info@edforco.org
Web info: www.edforco.org

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Real Estate Tips
Financing Your Home >Credit Card Mania

Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.

According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.

The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.

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Real Estate Trivia
Q 
What is the average age range of a second-home buyer in the United States?

A 
Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Michael Nichols, REALTORŪ, real estate agent and broker for Bend, Redmond and La Pine Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Michael Nichols
Keller Williams Central Oregon Realty

1340 NW Wall Street
Bend, OR 97701
Office: 541-382-1214
Cell: 541-480-2212
Fax: 541-389-8893
Email: CentralOregonPropertyOnline@NUMBER1EXPERT.com

Michael J. Nichols is a Principal Broker in the state of Oregon. Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Bend, Redmond, La Pine and all of Central Oregon real estate markets in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected, and I offer the services on this site for free and without obligation. Why? I want to be YOUR Realtor. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. Together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Bend, Redmond and Prineville Realtor, I have the experience and track record you are looking for. Please let me help.

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