Can you afford to live in Portland?

Median household income, home values and rent in Portland, OR — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Portland.

Median household income: $88,792 — +61.4% since 2015 (not adjusted for inflation)

Median gross rent: $1,596/mo — +64.4% since 2015

Median home value, 2015 to 2023

• 2015: 295100
• 2023: 557600

Median household income

• Portland: 88792
• Multnomah County: 86247
• OR: 80426
• U.S.: 78538

Median gross rent

• Portland: 1596
• Multnomah County: 1582
• OR: 1450
• U.S.: 1348

Share of income a typical renter spends on rent: 30.6% — U.S.: 30.2%

What it means

The typical household here earns $88,792 — notably higher than the national figure of $78,538.

The typical renter here spends 30.6% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+64.4% versus +61.4%), before adjusting for inflation.