New York, NY vs Portland, OR
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Portland, OR is cheaper — a 2-bedroom averages $1,997/mo versus $2,780/mo in New York, NY, 28% ($783/mo) less. Over a year that is $9,396 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $111,200/year in New York, NY versus $79,880/year in Portland, OR — a $31,320 difference in required salary.
Home Prices
The median home costs $540,664 in Portland, OR versus $817,745 in New York, NY — 51% higher. Buyers priced out of New York, NY may find Portland, OR more attainable.
Select Cities (2/3)
New York, NY
Portland, OR
| Metric | New York NY | Portland OR |
|---|---|---|
| Studio Rent | $2,406 | $1,628✓ |
| 1BR Rent | $2,511 | $1,750✓ |
| 2BR Rent | $2,780 | $1,997✓ |
| 3BR Rent | $3,465 | $2,739✓ |
| 4BR Rent | $3,738 | $3,217✓ |
| Median Home Value | $817,745 | $540,664✓ |
| Price per sqft | — | — |
| Median Income | $97,334 | $94,573✓ |
| Income to Rent 2BR | $111,200/yr | $79,880/yr✓ |