Cost of Living Near National Average Oregon’s cost of living is slightly higher than the national average, according to the Council for Community & Economic Research (3rd quarter, 2017), but that was offset by a 5.1 … If you’re lucky enough to find housing you love in the City of Roses, prepare to spend an average of $171.38 for a combination of electricity, heating, water and garbage, according to 2019 data from Numbeo.com. The City of Roses boasts a lively arts and cultural scene. With a population of over 154,000, in this bigger city there’s always something to do! NeighborhoodScout data from 2000 to 2018 shows that this housing market has appreciated by 158.15% over that time span. An amount below 100 means Oregon is cheaper than the US average. Portland, Oregon’s cost of living is 29% higher than the national average. Summary about cost of living in Portland: Four-person family monthly costs: 3,404.56$ without rent (using our estimator). A single person costs: $2,425 per month. Coffee costs: $3.33. Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single person must earn to meet their basic needs without relying on outside help in every U.S. state. Photo credit: © iStock/egexplorer, © iStock/thyegn. Here’s how they compare: The one area where Portland rentals seem to appear somewhat beneficial is when you compare them to other West Coast cities. Portland's cost of living is 122, which is 22 points higher than the national average and five points higher than Oregon's average. Summary of cost of living in Billings, Montana. Although it‘s number 10 on the list overall, it’s tied for number five when it comes to cost of living. Living Wage Calculation for Multnomah County, Oregon. The cost of living in Oregon is lower than the national average. In comparison, Massachusetts has just 185 breweries across the entire state. Cost of living rank 95 th out of 540 cities in the world. For example, if the cost of living is 90, then it is 10% lower than average. Compared to fellow Northwestern city Seattle, with its 10.1% sales tax, Portland looks like a bargain. Just don't hang around the Oregon Coast Aquarium, creeping on singles near the Rocky Shores exhibit. Enjoy the beaches and surf or, if it’s a cloudy day, hang out in a local brew pub or tour the Tillamook Creamery. The cost of living index is based on a national average of 100. If so, a financial advisor can help you get your funds in order for a big move, while still keeping future goals, like. 16 Pros and Cons of Living in Portland, Oregon July 5, 2020 June 28, 2019 by Louise Gaille The story of Portland, Oregon, begins in 1843 when two business partners, Asa Lovejoy and William Overton, decided to file a claim to land on the western bank of the Willamette River. These prices are based on abundant and consistent data. Full version Summary about cost of living in Portland, OR, United States: Family of four estimated monthly costs are 3,657.70$ without rent (using our estimator). Few major U.S. cities have seen the same strong appreciation rates that Portland has since the dawn of the new millennium. An award-winning writer with more than two decades of experience in real estate. But even if you want to go the conventional route, you may have to pay a little more than the national average. To calculate the most affordable cities in Oregon, the cost of living index for each city was calculated, then compared to the national average of 100. Furthermore, a pound of chicken in Portland goes for about $5.02, which is $1.18 off the U.S. average. Cheaper, not so much! A cost of living index above 100 means Portland, Oregon is more expensive. I imagine there are plenty of nice folks that just keep quiet and it’s just the ones that are loud often get noticed more. Compare cost of living in Portland with factors like salaries, housing expenses, groceries, utilities and more. This map shows how much a single person needs to earn to live comfortably in every US state Published Fri, Jul 20 2018 12:08 PM EDT Updated Mon, Jul 30 2018 9:49 AM EDT Emmie Martin @emmiemartin There’s no shortage of expensive homes in and around Portland. A 2014 report by the League of American Bicyclists shows that Portland boasts the highest number of bicycle commuters of any major U.S. city, at 7.2%. Summary of cost of living in Portland, Oregon. The charmingly named transit pass for “Honored Citizens” offers monthly passes at a price of just $28 for seniors (65+), Medicare members and people with disabilities. Monthly rent costs: $1,400 per month. Rent in Portland is, on average, … Ranking of cost of living by city based on the consumer price index and access to affordable housing (housing-to-income rates) using data from the U.S. Census and BLS. The average number of commuters who bike is usually just 0.5% in other areas of the country. OregonCraftBeer.org puts the number of breweries in the Portland metro area at a whopping 157. P.S. I vote for Washington State as “better”. The assumption is the sole provider is … Portland, Oregon’s cost of living is 29% higher than the national average. Here's what it costs in Oregon. For incoming Portlanders, Find out how expensive Portland is compared to your hometown by using our. It may not count as food, but beer is one of Portland’s most famous products. Numbeo.com data shows that a pair of shoes from Portland-based Nike will cost you $80.90 in Portland, compared to the national average price of $73.79. If you’re thinking of moving there, you should know the details on the cost of living, including housing costs… A single person estimated monthly costs are 1,030.19$ without rent. Employment options in Portland include established companies like Boeing, Nike and Intel, in addition to a wealth of start-ups and boutiques. Rates range from 5% up to 9.9%. That’s for a city of only 584,000 people. How Much Do I Need to Save for Retirement? ... Portland. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Basic lunchtime menu (including a drink) in the business district in, Nice dinner at an italian restaurant, dinner for two in. More than two-thirds of the homes in the state fall between $130,954 and $523,432. Numbeo.com reports that the average price for a pint of domestic beer in Portland is $5, which is a full dollar pricier than the $4 national average. The same goes for jeans, as a pair of Levi’s in Portland ($46.84) is $3.71 pricier than the U.S. average ($43.13). Drive 1.5 hours west of city and you'll find yourself on the Oregon Coast, a safe bet for summer fun. This is especially evident when you look at Los Angeles and San Francisco. A single person monthly costs: 949.06$ without rent. They are based on 554 prices entered by 64 different people. If the cost of living is 110, then it is 10% higher than average. To be clear, Portland’s studio, one, two and three bedroom apartments all hold median rents above their respective national marks. Check out the graphic below for more insights: If you’re still unsure whether renting or buying is better for your personal financial life, try speaking with a financial advisor. Even with these high prices, most of Portland’s resident own a home, to the tune of a 52.1% homeownership rate. According to NeighborhoodScout data from May 2019, more than half of the homes in the city are priced at somewhere between $394,001 and $984,000. Employment options in Portland include established companies like Boeing, Nike and Intel, in addition to a wealth of start-ups and boutiques. I wouldn’t call Portland an affordable place to live. A monthly pass on Portland’s Tri-Met public transportation will cost you $100. If you'd like to return to college to earn a degree or just enhance your knowledge, you qualify for discounted tuition at many of Oregon's colleges and universities, including Portland Community College and Portland … In this case, GOBankingRates.com's report looked the income a single person needs to cover expenses and put some money aside too. An amount below 100 means Portland is cheaper than the US average. A three-course meal for two in one of Portland’s mid-range restaurants will cost around $50, according to Numbeo.com (May 2019). The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. As a state, Oregon’s median home value is $340,027, according to NeighborhoodScout. Rent in Oregon … Living Wage Calculation for Oregon. Cost of living index in Portland is 22.19% lower than in New York. Take a look at the city of Salem. 2020 Places with the Lowest Cost of Living in Oregon About this List Explore the cheapest places to live in America relative to income. 2020 Suburbs with the Lowest Cost of Living in the Portland Area About this List Explore the cheapest places to live in America relative to income. © 2009-2020 Expatistan.com. That top rate only applies to earners who have $125,000 or more in taxable income. They are very reliable. Portland, Oregon is more than just microbreweries and food trucks. If you’d prefer to drive everywhere, gas will set you back quite a lot in Portland. Family of four estimated monthly costs: $4,869; Single person estimated monthly costs: $2,737; Cost of living in Portland, Oregon is more expensive than in 72% of cities in USA (14 out of 46) Cost of living in Portland, Oregon is more expensive than in 75% of … The assumption is the sole provider is working full-time (2080 hours per year). This abundance doesn’t translate to cheaper prices, though. Living in Portland puts you geographically between the Columbia and Willamette rivers, the former creating a natural border between Oregon and Washington State. Water and sewer costs are rising in Portland, though, so brace for increases if you make the move. Rent in Oregon averages just under $1,100 a month. Various sociological and economic indices calculated for Portland, OR in United States. If you’re thinking of moving there, you should know the details on the cost of living, including housing costs, utility bills and taxes (hint: Oregon has no statewide sales tax!). Portland has a cost of living index of 74.25. read more To see how much a mortgage in Portland may cost, check out our Oregon mortgage calculator. Portland, Oregon is more than just microbreweries and food trucks. Family of four estimated monthly costs: $3,768 Single person estimated monthly costs: $1,856 WARNING! Cost Of Goods And Services The cost of goods and … The sales tax is 0.00%. In Portland, the median home value is $464,496, while Medford’s is $283,699.NeighborhoodScout data also shows that, from 2013 to 2018, the Orego… But, when compared to the state as a whole, only slightly more expensive than other city’s. This isn’t every single person in the city. Capital gains in Oregon are taxed at your state income tax rate, so if your investments perform well, you’ll pay for it. Living Wage Calculation for Oregon. On the other hand, the income taxes in Oregon are quite high. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. That’s on par with monthly transit pass prices in Los Angeles and Chicago, but New York sets you back by $116.50. Here's What It Costs To Retire Comfortably In Oregon - Portland, OR - Yearly retirement costs range from as low as about $36,000 to as high as $56,000. Though it’s far from the days of being a well-kept secret, Portland is still a fantastic place to live. The average size for a Portland, OR apartment is 765 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Portland Schools. In fact, according to GasBuddy, the average price of a gallon of gas here is $3.46, as of May 2019. A cost of living index above 100 means Oregon, Oregon is more expensive. West Linn, a city located 11 miles away from Portland has a 136 cost of living index, while Oregon City, which is 12 miles away, has an index of 121. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. Compare cost of living in Portland with factors like salaries, housing expenses, groceries, utilities and more. Portland Public Schools serve 49,000 students and operate 78 schools. Our cost of living indices are based on a US average of 100. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Oregon’s cost of living is high, especially in larger city’s like Portland where rent can average right around $1,500 a month. These cities have the lowest cost of living in all of Oregon. That’s expensive. Two people eating at an inexpensive spot can spend as little as $15. The assumption is the sole provider is … In 2018, Oregon produced about 12.9 million pounds of hops valued at $69,855,000, according to the USDA’s National Hop Report. They have both become much pricier over the past few years. On a city to city basis, values of homes can shift. The City of Roses boasts a lively arts and cultural scene. Still haven’t decided which Oregon city to call home? The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. Compare the Cost of Living in Beaverton, Oregon against another US Cities and States. Shoppers in Portland have plenty of options for artisanal and handmade clothing, all of which can carry high prices. These estimates are based on only a few data points. If you visit other parts of Oregon, don’t be surprised if you face occasional racism. The Cost of Living in Portland is average. Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review, 7 Mistakes Everyone Makes When Hiring a Financial Advisor, 20 Questions to Tell If You're Ready to Retire, The Worst Way to Withdraw From Your Retirement Accounts. When you move to a new place, you’ll need to deposit your money with a bank that has branches near you. In this case, GOBankingRates.com's report looked the income a single person needs to cover expenses and put some money aside too. Listed above are the most affordable places to live in Oregon with a population of more than 5,000 people. State of Oregon salaries average $49,474.00, indicating a pay rate that is lower than the U.S. average annual salary by $4,147.00. This is much more than most Americans pay, as the national average is $152.08. That’s a full 59 cents more expensive than the $2.87 national average. A family costs: $5,779 per month. Walking, biking and taking public transportation are all popular ways of getting around Portland. The entire state of Oregon, including Portland, has no sales taxes. Have a question? Breakdown of prices in Portland, United States for … There Oregon coast includes 10 historic lighthouses, several parks and an array of amazing inlets and bays. There are some mean old white ladies out there. Part of the reason that Portland is so reliant on the beer industry may be due to Oregon’s agriculture trends. Ask our Home Buying expert. ), 1 min. A single traveler costs: $3,224 per month. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. The report, released Monday, compared costs of living … Prices of food in supermarkets in Portland, OR, United States. Portland is 35% cheaper than New York City. Cost of living is increasing significantly faster than prevailing wages and that makes Portland an insanely expensive place to try to live. Our cost of living indices are based on a US average of 100. The consumer price index (CPI) of 238 in Oregon is 2.86% lower than the U.S. city average CPI of 245. Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new, Mobile version Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Senior Discounts - The higher cost of living for retirement in Oregon might be offset slightly by the numerous discounts and incentives offered by the state and by retailers. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. According to a 2019 report by the City of Portland, there are currently 385 miles of bikeways around the city. That’s expensive. Oregon’s cost of living is high, especially in larger city’s like Portland where rent can average right around $1,500 a month. Hills, rivers, and the distant Cascade Mountains dominate the visual landscape. Don’t want to bike? As far as grocery prices go, a dozen eggs in Portland should cost you $2.71, 44 cents higher than the national average price of $2.27. Portland is Oregon’s largest city and home to a little over 647,000 people living … But, when compared to the state as a whole, only slightly more expensive than other city’s. Rentals in Portland are just as expensive as the traditional homebuying market. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Compare the Cost of Living in Portland, Oregon against another US Cities and States. 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