Housing costs in Portland?
A typical home costs
$449,700, which is 33.0% more expensive than the national average of
$338,100 and 4.0% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,790 per month, which is 17.8% more than the national average of
$1,520 and 2.8% cheaper than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97206), Oregon, a minimum annual income of
$86,040 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97206 Portland, OR is quite high. According to the most recent data from the US Bureau of Economic Analysis, the estimated average household income in the area is over $72,000 annually. This is significantly higher than the national average and makes it one of the most costly areas in Oregon. Housing costs are above average as well with median home prices hovering around $470,000. Renting in 97206 also tends to be expensive with a two bedroom apartment averaging over $1,500 per month. In addition to housing costs, groceries, utilities and transportation all contribute to a high cost of living in 97206 Portland, OR making it an expensive place to live and work.