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Cost of Living: New York vs Portland

How expensive is Portland compared with New York City? Overall prices, rent, goods, utilities and services in the Portland-Vancouver-Hillsboro, OR-WA metro area versus the New York metro area, plus the salary you’d need to live the same way.

Portland is 6% cheaper than New York
Cost of living index 94 (New York metro = 100) · 2024

Salary converter

Same lifestyle in Portland
$93,655
You’d need $6,345 less per year
≈ $100,368 in New York buys the same standard of living.

Before taxes. Income tax, sales tax and benefits differ a lot between places and aren’t included.

Where the difference comes from

Rent & housing
16% cheaper
Goods (groceries, clothing, etc.)
5% cheaper
Utilities
16% cheaper
Other services (healthcare, dining, transport…)
5% cheaper
New York metroPortland metro

Bars show each category’s price level relative to the US average (BEA Regional Price Parities, 2024). Rent is usually the biggest driver.

The numbers

Metro area
Portland-Vancouver-Hillsboro, OR-WA
Price level vs US average
105.4 (New York: 112.6)
Rent vs US average
125.1 (New York: 148.6)
Source
U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Frequently asked questions

Is Portland cheaper than New York?

Yes. Portland is 6% cheaper than the New York metro area overall (index 94, New York = 100).

What salary in Portland equals $100,000 in New York?

About $93,655 a year buys the same standard of living in Portland as $100,000 in the New York metro area, before taxes.

How do rents in Portland compare with New York?

Rents and housing costs in the Portland-Vancouver-Hillsboro, OR-WA metro area are 16% cheaper than the New York metro area (BEA, 2024).

Where does this data come from?

U.S. Bureau of Economic Analysis Regional Price Parities for 2024, which compare the price of the same basket of goods, rents, utilities and services across US metro areas.

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