Snapshots

City of Portland’s median household income growth 7th fastest in US

The City of Portland’s median household income grew 25 percent from 2010 to 2017, the 7th fastest in the nation, reaching $66,187 p.a. in 2017.

city-of-portland-median-household-income
  • The City of Portland’s median household income grew 25 percent from 2010 to 2017, the 7th fastest in the nation, reaching $66,187 p.a. in 2017
  • The top two income tiers experienced the most growth with households making $200K+ a year growing by 51 percent, 5 times faster than overall household growth in Portland. Households making $150K-$199K a year grew the most at 77 percent. 
  • The number of households below the federal poverty line making $15-$24K a year shrank by 12 percent. However this is little comfort in Portland, where the average single family home price has increased 61.4 percent between 2010 and 2017.
  • With record low unemployment of 3.7 percent and current job growth of 3 percent year-over-year (September 2018), household income is set to continue rising at a healthy pace.

 

Source: US Census, State of Oregon Employment Department, S&P CoreLogic Case-Shiller

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