The Portland-Vancouver-Hillsboro Metro Area is a vibrant region located in Oregon. It is home to numerous large companies including Intel, Cambia Health Solutions, Nike, and Columbia Sportswear. The population of the area is estimated to be over 2 million people. The cost of living in the area is higher than the US average due to its higher rent costs - 2 bedroom rent in this area is approximately $1,840 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Portland-Vancouver-Hillsboro, OR Metro Area is 103 versus 100 in the US. All in all, Portland-Vancouver-Hillsboro provides an attractive opportunity for economic growth with jobs available at many large corporations and a relatively high cost of living.
Portland-Vancouver-Hillsboro Metro Area has an unemployment rate of 6.3%. The US average is 6.0%.
Portland-Vancouver-Hillsboro Metro Area has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Portland-Vancouver-Hillsboro Metro Area
- The Sales Tax Rate for Portland-Vancouver-Hillsboro Metro Area is 1.6%. The US average is 7.3%.
- The Income Tax Rate for Portland-Vancouver-Hillsboro Metro Area is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portland-Vancouver-Hillsboro Metro Area
- The average income of a Portland-Vancouver-Hillsboro Metro Area resident is $42,946 a year. The US average is $37,638 a year.
- The Median household income of a Portland-Vancouver-Hillsboro Metro Area resident is $82,901 a year. The US average is $69,021 a year.