Portland, OR has an average two bedroom rent of $1,780 in the 97216 zip code which is higher than the US average of $1,430. It's grocery cost index is also relatively high at 101 compared to the US index of 100. Portland’s local economy includes a variety of employers such as Nike, Intel, Boeing and Providence Health & Services that contribute to its economy. There are also many smaller businesses throughout the area that bring with them a variety of job opportunities and amenities such as locally-owned restaurants, art galleries and shopping centers. Additionally, Portland is known for its environmental sustainability initiatives which can be seen in their recycling program and alternative transportation options like bike sharing and electric cars. All these factors make Portland an attractive place to live for those looking for employment opportunities or an environmentally friendly lifestyle.
Portland (zip 97216) has an unemployment rate of 6.9%. The US average is 6.0%.
Portland (zip 97216) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 42.4%, which is higher than the US average of 33.5%.
Tax Rates for Portland (zip 97216)
- The Sales Tax Rate for Portland (zip 97216) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 97216) 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 (zip 97216)
- The average income of a Portland (zip 97216) resident is $21,525 a year. The US average is $28,555 a year.
- The Median household income of a Portland (zip 97216) resident is $55,590 a year. The US average is $69,021 a year.