Oregon household income growth 4th highest in the country
Oregon’s median household income is witnessing more growth than ever before.
October 16, 2019
- Oregon’s median household income is witnessing more growth than ever before. Between 2005 and 2018, Oregon’s median household income rose 14.8 percent to $63,426. That’s the fourth highest gain in the country.
- Now, for the first time since 1960, the average Oregon household makes more than the national average. This was a result of growing 5.3 percent between 2017 and 2018, the second fastest YOY growth across all states.
- The state’s recent bump above the national average was from the lower quintile of earners. The bottom 20 percent of Oregon households grew 6.3 percent between 2017 and 2018, higher than any other tier.
- Specifically in Portland, the median household income grew 34 percent during the same period, the fifth highest gain in the country. As a result, Portland now has the 8th highest household income in the country at $73,100.
Source: Oregon Office of Economic Analysis, OregonLive