What Is The Cost Of Living In Portland Oregon?

What Is The Cost Of Living In Portland Oregon?

January 13, 2023 Off By Juliet D'cruz

Today we will look into the cost of living in Portland Oregon. Portland is the largest city in Oregon, United States and it is home to 662,549 people. Because of its resident community of hipsters and outdoor adventurists, the city is awarded a reputation as a haven for the liberal counterculture. Portland is a vibrant and scenic city in the United States Pacific Northwest. It is famous for its huge expanses of green space, from parks and forests to breathtaking mountaintops. Without wasting your valuable tile, let’s get started and know the cost of living in Portland Oregon.  

What Is The Cost Of Living In Portland Oregon?  

The cost of living in Portland Oregon is 132.4 as compared to the national average of 100. When you look at the table given below, you will get that, the cost of housing, grocery, transportation, and miscellaneous is more than the national average. While the cost of utility and healthcare is lower than the national average. But, when you calculate the overall average cost of living in Portland Oregon then it is more than the national average of 100. 

Cost Of Living For Portland OregonUSA 
Housing 184.1100
Grocery 103.7100
Transportation 129.9100
Utilities 79.9100
Health 90.6100
Miscellaneous 140.1100
Median Home Cost $536,900$291,700 
Overall 132.4100

Home Rent 

While calculating the cost of living in Portland, Oregon, the cost of housing need to be considered because it is more. The most expensive neighborhoods for the city enters are the Pearl District, Old Town Portland-Chinatown, and the Nob Hill-Northwest District, with average prices ranging from $1,745 to $1,792 per month. Here we have given a table showing the approx rental cost for one and two-bedroom apartments in the different cities in Oregon.

City Approx 1 Bedroom Rent Approx 2 Bedroom Rent 
Portland$2,275$3,675
Salem$1,645$2,195
Eugene$1,295$1,995
Oregon City$1,595$2,790
Bend$2,200$2,900

Food Cost 

The cost of food is needed to be considered while calculating the cost of living for a single person in Portland, Oregon, as well as calculating the average monthly cost of living in Portland, Oregon. Well, Portland is home to nearly 3,140 restaurants, bars, and coffee shops, as well as 70 breweries. On average a single person expects to pay around $18 for a meal at inexpensive restaurants and $60 for a 3-course meal for two people at a mid-range restaurant. Take a look at the table showing the approx dinner cost for two in different cities in Oregon.  

City Approx Dinner Cost For 2 
Portland$112
Salem$67
Eugene$49
Oregon City$25
Bend$24.8

Travel Cost 

How much does it cost to live comfortably in Portland, Oregon? Well, it all depends upon your lifestyle, but the average cost of living for a family of four will be $4,165 without rent. Owning a car in Portland will be costlier because the price of gas is 28% more than the national average. If you considering moving to the city, you can reduce your overall cost by using the city’s public transport system. 

Other Expenses 

Let’s know the average cost of living in Oregon with the help of the cost of other expenses, including healthcare, utilities, internet, fitness, taxes, entertainment, etc.  

Health Care 

When you compare the cost of living in Portland, Oregon vs Seattle, you will find that Seattle is more expensive than Portland, Oregon.   

Utility Bills 

The average utility bill cost in the city is around $188 for basic electricity, gas, heat, and garbage services. Adding internet costs an average of $66 more per month. Overall, Portland’s typical utility cost is roughly $24 above the national average.  

Internet Bills 

The cost of internet in Portland is not fixed but changes as per the operator and provider. Well, the plan for the internet from Xfinity of 6,000 Mbps will cost you $299.95 per month.

Fitness 

The average price of a Gym or Fitness club member ship for a month is $65 in Portland. If you want to save some money, then you can also do exercises by yourself in your home.

Entertainment 

The cost of this category totally depends upon the number of members are there in your family and the frequency of outings. In the city there are multiple places that are free to visit, you can consider them.

Taxes 

In 2022, in Portland the minimum combined sales tax rate, is 0%. This is the total of state, county, and city sales tax rates, and the Oregon sales tax rate is currently 0%.

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FAQ 

Is Portland Oregon Expensive To live?

Is Portland expensive? Yes. It’s 34% more expensive than the national average. Housing in Portland is 84.3% more expensive than the national average, and the only thing below the national average is Portland’s utilities, which are 12.8% cheaper than the average.

What Salary Do You Need To live In Portland?

What is a good salary in Portland? The recommended salary in Portland is $4,256 per month or $51,080 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,277.

Is Portland Expensive To Rent?

Portland is the #53 most expensive large city in the U.S., with a median rent of $1,420. Citywide, the median rent currently stands at $1,278 for a 1-bedroom apartment and $1,492 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,420.

Is It Cheaper To live In Oregon Or California?

Cost of living
The housing cost, rent, groceries, and monthly expenses – everything will cost more in CA. Housing costs 39.5% in California, transport costs 11.5% more, and the monthly grocery expense is likely to be 11.8% higher

Oregon’s income tax bite is one of the biggest in the country. The lowest rate is 4.75% and the highest 9.9%. However, the state has a provision called the “kicker”: If too much money is collected in a given year, taxpayers will receive a partial refund in the next year.

Conclusion 

In this article, you have learned what’s the cost of living in Portland Oregon. In Portland, the main industries include manufacturing, healthcare, and athletic and outdoor apparel. In fact, the city hosts the highest concentration of such companies in the country, including COlumbiaSportswear, Adidas, and Nike all have headquarters in the metro area. Now, you know the cost of living in Portland Oregon, so, you can make a plan to move to Portland.