I would say Bend has a moderate cost of living. It is a little bit of a vacation/resort town, so that influences it. People often move here from more expensive cities to get more for their money, so there is a higher end market for those people. Townhouses and older SFH start around $300k. Developer houses start around $400k. Nicer custom homes start around $700k, and there is a large market of larger custom homes on large lots for $1M – $2M. There is a good mix of blue collar and middle class residents, as well as wealthier people.