Portland, IN is a vibrant city in Indiana known for its diverse activities and community. With a cost of living index of 92, the cost of living in Portland, IN is lower than in the US as a whole. The average rent for a two bedroom apartment in Portland, IN is $820 which is much more affordable than the US Average of $1,430. Some popular employers in this area include Kite Pharma, TaskUs, and Santa Cruz Biotechnology. Additionally, there are many local businesses such as Portland Family Farms and Miller Tractor Parts that contribute to the culture unique to this city.
Portland has an unemployment rate of 3.9%. The US average is 6.0%.
Portland has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Portland
- The Sales Tax Rate for Portland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Portland is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portland
- The average income of a Portland resident is $18,254 a year. The US average is $28,555 a year.
- The Median household income of a Portland resident is $42,668 a year. The US average is $69,021 a year.