Housing costs in Portland?
A typical home costs
$734,500, which is 117.2% more expensive than the national average of
$338,100 and 56.8% 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 97221), Oregon, a minimum annual income of
$140,760 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97221 Portland, OR is relatively high. The median housing costs for the area are around $400,000 and rental prices have increased since 2016. Prices for food and other necessities are also higher than in many other parts of the U.S. The overall cost of living index for the area is approximately 22% above the national average, so it can be a bit costly to live here. However, due to its close proximity to amenities like parks and universities, as well as its thriving business community and vibrant arts scene, it is a desirable place to settle down and call home.