The city of Portland, OR, is a beautiful location for anyone looking to relocate. With its stunning scenery and dynamic culture, it's easy to see why many have chosen to make this their home. The city has an estimated population of 653,115 people according to the US Census Bureau estimates in 2020.
The average two bedroom rent in Portland is $1,750 per month according to RENTCafé. This is slightly more expensive than the national average of $1,430. Despite the slightly higher cost of living in Portland compared to national averages, there are still plenty of job opportunities and amenities available in this vibrant city. Some of the major local employers include Nike Inc., Intel Corporation., Kaiser Permanente and Columbia Sportswear Company. Portland also has a Grocery Cost Index score of 101 compared to 100 nationally which indicates that groceries cost an extra 1% on average when compared with the rest of the United States.
Portland (zip 97220) has an unemployment rate of 6.9%. The US average is 6.0%.
Portland (zip 97220) 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 97220)
- The Sales Tax Rate for Portland (zip 97220) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 97220) 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 97220)
- The average income of a Portland (zip 97220) resident is $32,850 a year. The US average is $37,638 a year.
- The Median household income of a Portland (zip 97220) resident is $61,333 a year. The US average is $69,021 a year.