Housing costs in Portland?
A typical home costs
$640,300, which is 89.4% more expensive than the national average of
$338,100 and 36.7% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,940 per month, which is 27.6% more than the national average of
$1,520 and 5.2% more than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97215), Oregon, a minimum annual income of
$122,760 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97215 Portland, OR is slightly higher than the US average. According to BestPlaces, the Cost of Living Index for 97215 is 125.8, which is 5.8% higher than the US average. The cost of housing and groceries are particularly high in this area with a Housing Index of 142.5 and Grocery Index of 112.7 respectively. Utilities are relatively low however at 74.1 on the index scale. Overall, living expenses can be quite costly in 97215 Portland compared to other parts of the United States; however, residents may find that they are able to offset these costs through lower taxes or more affordable entertainment options offered here.