Portland Business Journal: ‘Portland a terrific value’

The Portland Business Journal did an interesting analysis over the past few months.  In conjunction with its sister papers across the country it measured the affordability of different metropolitan areas by collecting cost data for a variety of consumption categories (see FULL STORY HERE).  Everything from a large bucket of popcorn at the movie theater to housing was analyzed (see the cool info-graphic HERE).  So how did Portland fare?

Do you consider Portland to be affordable?  Feel free to leave your comments below.
Do you consider Portland to be affordable? Feel free to leave your comments below.

According to the results of the study Portland ranked no. 78 out of 106 markets but that number is misleading because many of the metropolitan areas that were compared are much smaller than Portland.  As you might expect Portland was measured to be much more affordable than other west coast cities such as Seattle, San Francisco, San Jose, and Los Angeles.

What might this mean for the housing market?  It’s tough to know for certain but theoretically the state should be able to continue to recruit tech companies out of those higher cost areas and bring more jobs to Portland.  More jobs is always a good thing for the local housing market.

The views and opinions expressed in this site are those of the author(s) and do not necessarily reflect the official policy or position of Cherry Creek Mortgage Co., Inc. This is for informational purposes only. This is not a commitment to lend.