Portland ranked #8 best places to live in the US
Portland one of the top 10 cities based on the annual US News and World Report study
April 16, 2019
- Portland ranked 8th in the annual Best Places to Live in the US study done by US News and World Report . The yearly analysis is based on factors such as quality of life, desirability, job market, value of living there, and net migration.
- Desirability scored a perfect 10, determined from a poll of approximately 2,500 people across the country asking what metro areas they would most like to live.
- Not surprisingly, the city performed well in the job market category touting a 3.8 percent unemployment rate, slightly lower than the national average of 3.9 percent. The study also credited the average Portland salary of $55,330 per year being higher than the national average of $50,620.
- Portland’s lowest performing category was the value section due to housing costs. Both median home sales price and rents are rising faster than most other similarly sized metro areas. The median home price is $375,425, while the national average is $227,025.
Source: US News and World Report
You may also like
Shifts in the way people live, work and shop in a post pandemic world have forever impacted the industrial real estate sector
Chestnut and Walnut Street retail visits drop precipitously in Philadelphia during COVID-19 pandemic
Pressure from distressed New York retailers has softened landlord sentiment, allowing for lease restructurings