Housing costs in Portland?
A typical home costs
$630,900, which is 86.6% more expensive than the national average of
$338,100 and 34.7% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,960 per month, which is 28.9% more than the national average of
$1,520 and 6.1% more than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97202), Oregon, a minimum annual income of
$120,960 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97202 Portland, OR is relatively high compared to the rest of the United States. The overall cost of living index in this zip code is 133, which is 33 points higher than the US average. Housing prices are especially steep; according to Zillow, the median home value in 97202 is approximately $541,861, and rentals go for upwards of $2,400 a month. Groceries and healthcare costs are also higher than average. All these factors combined make 97202 one of the more expensive areas to live in Oregon as well as in the whole country.