Housing costs in Portland?
A typical home costs
$402,800, which is 19.1% more expensive than the national average of
$338,100 and 14.0% 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 97220), Oregon, a minimum annual income of
$77,040 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97220 Portland, OR is significantly higher than the national average. According to the Cost of Living Index, the cost of living in 97220 Portland, OR is nearly 40% higher than the national average. This means that essentials such as housing, groceries, transportation, and healthcare costs are all considerably more expensive in this area than other places in the United States. Additionally, many amenities and recreational activities cost much more than they would in other areas of the country. Despite these challenges, there are also numerous benefits to living and working in 97220 Portland, OR that make it worth the investment.