Cost Of Living Executive Summary.pdf

2022-VOJ-Cost-of-Living-WEB.pdf
Preview of Cost of Living executive summary
🔗 Source: portlandmetrochamber.com
📊 Size: 993 KB
📄 Pages: 4 pages
⬇️ Downloads: 79

Summary

The Portland Business Alliance's report highlights the need for an inclusive economy, focusing on affordability alongside job growth. Portland is a relatively expensive place to live, with the cost of living increasing faster than incomes, particularly for middle- and lower-income households, and disproportionately affecting diverse communities. A household of two adults and two children needs to earn nearly $94,000 annually to achieve self-sufficiency in Portland, with high costs of housing, childcare, and taxes explaining most of the difference between Portland's living wage and other peer cities. The report suggests remedies to the region's cost-of-living challenges will need to come from both the income and expense side of household budgets, including attracting better-paying jobs and advancing policies to curb high housing prices and ease the tax burden for lower- to middle-income families.

Description

The Portland Business Alliance's report highlights the need for an inclusive economy, focusing on affordability alongside job growth.

Technical Information

  • File Format: PDF
  • File Size: 993 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 79
  • Last Updated: 1 week ago

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