Is Portland, OR cheaper than New York, NY?

Based on cost of living data, Portland, OR is 22.6% cheaper than New York, NY. This translates to saving $1696 per month.

What salary do I need in Portland, OR to live like I do in New York, NY?

If you earn $150,000 in New York, NY, you'd need approximately $129,642.857 in Portland, OR to maintain the same standard of living.

How does housing cost compare between New York, NY and Portland, OR?

Housing in Portland, OR is 38.5% cheaper than in New York, NY. For a two-bedroom apartment, rent is $1,900/month in Portland, OR compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to Portland, OR?

Moving from New York, NY to Portland, OR could save you approximately $1696 per month, or $20357 per year, based on a $150,000 salary.

MoveNumbers

New York, NY

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Portland, OR

Cost of Living Comparison 2026

Current salary in New York, NY

Numbers update automatically as you type

You'd save $1.7K/month moving to Portland, OR

$150.0K in your current city equals $129.6K in Portland, OR

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 22.6%

Less expensive

Monthly Impact

$1,696

Savings

Annual Impact

$20.4K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New York, NY

Population:8337K

Cost Index:100

Median Home:$1.05M

Portland, OR

Population:641K

Cost Index:77

Median Home:$535K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

Portland, OR

The Beaver State

641K

Population

State Tax

Yes

Climate

Oceanic

Notable Facts

•Craft beer capital
•Foodie destination
•Keep Portland Weird

Major Industries

TechnologyManufacturingFood & BeverageTourism

Cost Breakdown by Category

Annual spending: New York, NY vs Portland, OR

Category	New York, NY	Portland, OR	Difference	Change
🏠Housing	$7,648/mo	$4,704/mo	↓ $2,944less	38.5%
⚡All Utilities	$600/mo	$475/mo	↓ $125less	20.8%
🚗Transportation	$1,602/mo	$1,721/mo	↑ $119more	7.4%
📦Other	$2,034/mo	$1,925/mo	↓ $109less	5.3%
🛒Groceries	$1,165/mo	$1,069/mo	↓ $95.93less	8.2%
🏥Healthcare	$688/mo	$663/mo	↓ $24.78less	3.6%

🏠Housing

↓ 38.5%

New York, NY

$7,648

Portland, OR

$4,704

Difference

$2,944

less

⚡All Utilities

↓ 20.8%

New York, NY

$600

Portland, OR

$475

Difference

$125

less

🚗Transportation

↑ 7.4%

New York, NY

$1,602

Portland, OR

$1,721

Difference

$119

📦Other

↓ 5.3%

New York, NY

$2,034

Portland, OR

$1,925

Difference

$109

less

🛒Groceries

↓ 8.2%

New York, NY

$1,165

Portland, OR

$1,069

Difference

$95.93

less

🏥Healthcare

↓ 3.6%

New York, NY

$688

Portland, OR

$663

Difference

$24.78

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$5,689/yr (3.8%)

Portland, OR: Multnomah County Preschool for All$1,500/yr (1.0%)

Net difference-$4,189/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$1,555

↓ $1,565

1 Bed

From$3,270

To$1,655

↓ $1,615

2 Bed

From$3,590

To$1,900

↓ $1,690

3 Bed

From$4,500

To$2,590

↓ $1,910

New York, NYZIP-level data

1BR range: $2,260–$3,990/mo

Portland, ORZIP-level data

1BR range: $1,580–$2,030/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$13,737

Monthly in New York, NY

$10,557

Monthly in Portland, OR

$3,180

Difference

Home Values

New York

Portland

$1.05M

Median Value

$535K

↓ -0.1%

YoY Change

↓ -1.2%

↓ -5.9%

5-Year Change

↑ +7.2%

$471K - $3.49M

Price Range

$351K - $760K

Homes in Portland are 49% less expensive than New York

Calculate payment - New York Calculate payment - Portland

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $6.0K

More taxes

Monthly Difference

$497

Less take-home

Effective Rate Diff

4.0%

Rate difference

New York, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Portland, OR

Federal Income Tax

Effective: 18.9%

$25.5K

Oregon State Tax

Effective: 10.3%

$15.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 35.0%

$52.5K

Take-Home Pay

$8,123/month

$97.5K

Additional Tax Information

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Portland, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.