Cost of Living in Portland, OR
Population 641,165 · Census ACS 2020–2024 5-year estimates
The median rent in Portland, OR is $1,655/month, 9% higher than the Oregon median and 17% higher than the U.S. median. The median home value is $581,500, 75% higher than the national median. Households earn a median of $90,919 a year, 10% higher than the state median.
Affordability
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Portland vs. Oregon vs. U.S.
| Portland | Oregon | U.S. | |
|---|---|---|---|
| Median rent | $1,655 | $1,525 | $1,413 |
| Median home value | $581,500 | $477,600 | $332,700 |
| Median household income | $90,919 | $83,011 | $80,734 |
| Homeownership rate | 52.0% | 63.3% | 65.2% |
| Bachelor's degree or higher | 53.8% | 36.8% | 35.7% |
| Poverty rate | 12.7% | 11.9% | 12.5% |
| Unemployment rate | 5.8% | 5.4% | 5.2% |
| Work from home | 28.5% | 19.0% | 15.1% |
| Median age | 38.8 | 40.4 | 38.9 |
FAQ
What is the average rent in Portland, OR?
The median gross rent in Portland, OR is $1,655 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Portland, OR?
Using the common 30% rule, renting a median-priced home takes about $66,200 a year in gross income.
Is Portland, OR expensive to live in?
Rent there is 17% higher than the U.S. median, and the median home costs about 6.4 times the median household income.
Other cities in Oregon
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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