Housing costs in Portland?
A typical home costs
$562,200, which is 66.3% more expensive than the national average of
$338,100 and 20.0% 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 97227), Oregon, a minimum annual income of
$107,640 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97227 Portland, OR is quite high. The median home cost is $363,200 which is significantly higher than the national average of $184,700. Additionally, the average gas price in 97227 Portland is $2.89 per gallon which is slightly above the national average of $2.58 per gallon. Furthermore, food prices are also slightly above the national average with a meal for two at an inexpensive restaurant costing around $40 and the monthly utility bill for a 900 square foot apartment averaging around $150. Overall, the cost of living in 97227 Portland, OR is higher than most other areas in the United States due to its popularity as a desirable place to live and work.