Housing costs in Portland?
A typical home costs
$431,400, which is 27.6% more expensive than the national average of
$338,100 and 7.9% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,750 per month, which is 15.1% more than the national average of
$1,520 and 5.1% cheaper than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97203), Oregon, a minimum annual income of
$82,800 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97203 Portland, OR is quite high compared to other parts of Oregon. The median home value is around $500,000, while the average rent for a two-bedroom apartment is roughly $2,000. Prices for essential goods and services are also higher than in other regions of the state, making it difficult for some to afford basic necessities. While there are some more affordable neighborhoods in 97203 Portland, those looking for lower costs should head outside the city limits for better deals.