That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. Cost of Living in Portland: Utilities If you’re lucky enough to find housing you love in the City of Roses, prepare to spend an average of $171.38 for a combination of electricity, heating, water and garbage, according to 2019 data from Numbeo.com. Of course, how much you need to earn to afford rent depends a lot on where you live. $1753/mo. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. This is much more than most Americans pay, as the national average is $152.08. WHAT IS THE LIVING WAGE CALCULATOR? We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! The cost of living in Portland, OR is 29 percent higher than the national average. We developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. Compare the Cost of Living in Portland, Oregon against another US Cities and States. PORTLAND, Ore. – If you want to pay rent and live comfortably in Portland, you'll need to make $31 an hour, according to a recent survey. The higher your salary, the more house you can probably afford. GOBankingRates examined the median rent for single-family residences in every state, and calculated the monthly and yearly income needed to have monthly rent consume 30 percent or less of the total income to determine the salary you’ll need to afford rent. 20 more days to make a decision!, Portland, 152 replies Is it easy to make friends in Portland?, Portland, 15 replies Families and individuals working in low-wage jobs make insufficient income to meet minimum standards given the local cost of living. This dollar amount for necessities was then doubled to find the actual annual income needed to live comfortably in the city, assuming a person is following the 50-30-20 budgeting guideline, which requires an income double the cost of necessities. Moving to Portland Oregon, what are great areas to live in and commute to Portland?, Portland, 44 replies Would I be able to make a living in Portland for myself?, Portland, 32 replies Portland or Tucson. Location matters, too. A 1 br. Minimum wage needed to rent in Portland: $31 an hour Is Portland's median rent really $1,542? Even at our (very high) min. Homeowner here since the late 90s so I'm a bit out of the rent scene here. apartment in town runs about $1500/mo. That's been the problem in Portland- seemingly a desireable place to live... but only if you're in the top 25% of wage earners. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. An amount below 100 means Portland is cheaper than the US average. Our cost of living indices are based on a US average of 100. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. This is a comfortable (though far from indulgent) budget. wage of $9.50/hr, it doesn't take a genius to figure out that kind of salary just doesn't stretch- even if it's two wage earners. Compare the Cost of Living in Oregon against another US State. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Based on home values and the cost of living, GOBankingRates determined the exact annual income needed to live comfortably in the country’s most expensive ZIP codes.