Housing costs in Portland?
A typical home costs
$134,100, which is 60.3% less expensive than the national average of
$338,100 and 39.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Portland costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Portland?
To live comfortably in Portland, Indiana, a minimum annual income of
$25,560 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in Portland, IN is relatively affordable compared to other cities in the midwest. The city has a very low unemployment rate of 3%, and housing costs are below the national average. Groceries, healthcare, and utilities also tend to be lower than average. The overall cost of living index for Portland is at 79.9, which is lower than the US average of 100. Because of this, residents can enjoy a higher quality of life without spending excessive amounts of money on their day-to-day needs.