Housing costs in Portland?
A typical home costs
$486,100, which is 43.8% more expensive than the national average of
$338,100 and 3.8% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,690 per month, which is 11.2% more than the national average of
$1,520 and 8.9% cheaper than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97218), Oregon, a minimum annual income of
$93,240 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97218 Portland, OR is relatively high. The median home value in this area is $512,800, which is more than double the national median. Rent prices are also high, with a one-bedroom apartment averaging around $1,720 per month. Groceries and utility bills are on par with the national average. However, overall expenses for transportation and healthcare tend to be lower than the U.S. average, as well as certain other costs such as entertainment and clothing.