Housing costs in Portland?
A typical home costs
$616,800, which is 82.4% more expensive than the national average of
$338,100 and 31.7% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$2,340 per month, which is 53.9% more than the national average of
$1,520 and 21.4% more than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97214), Oregon, a minimum annual income of
$118,080 for a family, and
$82,000 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97214 Portland, OR is relatively high when compared to the rest of the country. The overall cost of living index in this area is 140.8 which is much higher than the U.S. average of 100. Housing costs are especially steep, with a median home price of $523,200 and an average monthly rent of $1,902 for a one-bedroom apartment as of May 2021. Groceries are slightly higher than average too, with a grocery index score of 106.7 versus the national average of 100. In addition, transportation costs can be more expensive in this part of town due to higher gas prices and public transit fares than other parts of the state or country.