Forbes Ranks Portland One of Most Overpriced Cities in the U.S.
Tuesday, October 13, 2015
Are you feeling the economic pitch of your salary not going far enough?
You should according to a new report from Forbes magazine that names Portland-metro area as one of the most overpriced cities in the U.S.
The most overpriced is Honolulu ranking #1 followed by Western Connecticut suburbs on New York City ranking #2 and Boston, MA #3.
This ranking may reinforce the concerns in Portland regarding the cost of housing and the belief that Portland's cost of housing is becoming unaffordable to many.
21. Portland, Ore.
MSA: Portland-Vancouver-Hillsboro, OR-WA
Median Income: $69,400
Q4 2014 median sales price: $271,000
Housing affordable at median family income: 55.3%
Cost Above National Average: Groceries: 2.4%; Utilities: -4.2%; Transportation: 11.8%; Health: 12.7%; Misc.: 7.5%
Related Slideshow: Top 10 Most Expensive U.S. Rental Car Destinations
In Portland the cheapest rental car available costs and average of $111 per day. See how these other cities compared.
10. Hartford, CT
9. Tulsa, OK
8. San Jose, CA
7. Seattle, WA
6. Denver, CO
5. Detroit, MI
4. Louisville, KY
3. Kailua, HI
2. Anchorage, AK
1. Portland, OR
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