Housing costs in Portland?
A typical home costs
$503,300, which is 48.9% more expensive than the national average of
$338,100 and 7.5% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$2,200 per month, which is 44.7% more than the national average of
$1,520 and 16.4% more than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97217), Oregon, a minimum annual income of
$96,480 for a family, and
$77,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97217 Portland, OR is relatively high compared to many other parts of the country. According to BestPlaces, the cost of living index for this area is approximately 92.3, which is higher than the national average. Housing prices are particularly expensive in this area, as the median home value is $540,700, making it one of the most expensive cities to buy a home in Oregon. Additionally, groceries and transportation costs are significantly more expensive than national averages. Despite the higher prices, however, 97217 Portland still remains an attractive place to live due to its diverse culture and numerous attractions both within city limits and nearby.