Housing costs in Portland?
A typical home costs
$398,400, which is 17.8% more expensive than the national average of
$338,100 and 14.9% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,780 per month, which is 17.1% more than the national average of
$1,520 and 3.4% cheaper than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97216), Oregon, a minimum annual income of
$76,320 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97216 Portland, OR is relatively high compared to other cities in the United States. The average home price in 97216 is around $480,000, which is more than double the median home price for the country as a whole. Renting in the area can also be expensive due to its popular location – the median rent for a one-bedroom apartment is approximately $1,500. Groceries and utilities are also more costly compared to other parts of the country. Although living costs can be high in 97216 Portland, OR, it's also an area with many amenities and attractions, making it a desirable place to live.