Quality of Life Assessment for a Portland, OR Resident Earning $118,405 Annually

Cost of Living

• Overall Cost of Living: Portland has a higher cost of living compared to the national average. On an index where 100 represents the national average, Portland scores around 130.
• Groceries and Utilities: Prices for groceries and utilities are slightly above the national average, making day-to-day expenses moderately high.
• Transportation Costs: Public transportation is quite accessible and affordable, while owning and maintaining a car can be costlier due to gas prices and parking fees.

Housing Market

• Home Prices: The median home price in Portland is significantly higher than the national median. As of 2023, it hovers around $550,000 compared to the national median of approximately $400,000.
• Renting Options: Renting can be a feasible alternative, with average rent prices for a one-bedroom apartment around $1,500 per month.
• Market Trends: The housing market in Portland has seen steady demand, with prices continuing to rise but more moderately than during the previous decade.

Quality of Life

• Income Sufficiency: A salary of $118,405 provides a comfortable lifestyle, allowing for savings and discretionary spending despite the higher local costs.
• Cultural and Recreational Activities: Portland offers a rich cultural scene, including art galleries, theaters, and festivals. Access to outdoor activities like hiking and biking enhances the quality of life.
• Community and Environment: Known for its eco-friendly policies and greenery, Portland is often ranked highly for its livability and environmental consciousness.

Access to Healthcare

• Healthcare Facilities: Portland boasts excellent healthcare facilities, including several top-rated hospitals and clinics.
• Cost of Healthcare: Healthcare costs are on the higher side but are offset by generally high-quality services and a wide range of providers.
• Insurance Coverage: Employer benefits often cover substantial portions of healthcare costs, making it manageable for those earning a mid-six-figure salary.

Quality of K-12 Schools

• Public Schools: Portland's public schools are rated above average, with several institutions recognized for their strong academic programs and extracurricular opportunities.
• Private School Options: There are numerous private schools available, offering various curricula that cater to different educational philosophies and enrichment programs.
• School Funding and Resources: Schools in Portland receive adequate funding,