Greater Portland consistently ranks highly for value and affordability, especially when compared to peer regions, such as Seattle, Washington, San Francisco and California.
Businesses can reduce their fixed costs by relocating to the Greater Portland area, from a lower overall cost of real estate to the average price for utilities. For example, industrial and office space here costs less on average than in other major cities on the American West Coast, including Seattle, San Diego, Los Angeles, San Jose and San Francisco.
Business owners are not the only ones who can take advantage of Greater Portland’s affordability. The region’s competitive cost of living makes recruiting and relocating top talent a breeze.
Recognized for Our Value
Lower Cost of Living
Greater Portland is recognized for its ability to help your money go further. According to the U.S. News and World Report, Portland is ranked the No. 3 most affordable place to live on the West Coast, considerably cheaper compared to peer regions like Seattle or San Franciso.
See How Greater Portland Compares to Where You Currently Live
Explore Portland’s cost-of-living with this cost of living calculator to compare our region to where you currently live or to other U.S. cities you are considering for your new home. Get a full side-by-side breakdown of food costs, average costs for rent, housing prices, and the household income needed to support your lifestyle.
Affordable Utilities
Washington and Oregon rank No. 9 and No. 14, respectively, for the lowest electricity prices in the U.S. and No. 4 and No. 3 for the most renewable and reliable energy infrastructure. Monthly utility costs in Portland are 4% lower than the national average and 2% lower than the state average.
Competitive Real Estate Market
Greater Portland offers a wide range of housing options throughout all its communities, from the heart of the city to the surrounding suburbs.
Greater Portland at a Glance
0%
State Sales Tax
4.75%
Personal income tax rates range from 4.75% to 9.9%
Affordable Lifestyle with Endless Ways to Play
The Greater Portland area is one of the most affordable metro areas on the West Coast and offers an inclusive environment. Portland is renowned as a city perfect for outdoor enthusiasts, foodies and coffee lovers, all while being surrounded by a unique culture and art scene.
Explore all the ways to play in Portland.
Housing Market
According to the Council for Community and Economic Research’s (C2ER) Cost of Living Index, the median home price in the City of Portland is above the national average but less compared to surrounding West Coast Metros. In addition, the city suburbs and surrounding communities such as Beaverton, Hillsboro or Vancouver offer Greater Portlanders affordable alternatives for homeowners and renters. City developers continue to work to provide a mix of quality and affordable housing solutions.
Transportation Costs
Portland's transportation expenses are also moderate compared to neighboring West Coast hubs. There’s no need to be limited by private transportation. The City of Portland’s public transportation system — TriMet buses, MAX Light Rail, Portland Streetcar and Portland Aerial Tram — make it easy and affordable to travel around the metro area without a car.
Healthcare Rates
Portland has long been recognized as one of the best American cities for affordable healthcare. Around 20% more affordable than the U.S. average, from primary to specialty care, the region’s several hospitals and medical facilities ensure top-notch care for residents.