Housing costs in Portland?
A typical home costs
$708,700, which is 109.6% more expensive than the national average of
$338,100 and 51.3% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,890 per month, which is 24.3% more than the national average of
$1,520 and 2.6% more than the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97231), Oregon, a minimum annual income of
$135,720 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97231 Portland, OR is relatively high compared to the rest of the United States. The average rent for a one-bedroom apartment in this area is around $1,400 per month, while the median home price is around $450,000. Groceries and other necessities are similarly expensive with the cost of basic groceries being 7% higher than the national average. Gasoline prices are 3% higher than average as well. With these factors in mind, residents of 97231 Portland should expect to pay more for goods and services than those living in other parts of the country.