Cost of Living in Vancouver, WA Compared to Portland, OR
From world-renowned eateries to its temperate climate, the Portland-Vancouver-Hillsboro metropolitan area has plenty to offer those looking to relocate to the Pacific Northwest. But while Vancouver and Portland are located in close quarters, each city varies in regards to the cost of living.
Cost of Living in Portland, Oregon
Several factors contribute to Portland’s cost of living, which tends to be higher than that of Vancouver. While its suburbs extend well into Washington, many of the region’s primary attractions are located in Portland itself, making it a popular destination for vacationers and permanent residents alike.
Ultimately, data compiled by Numbeo suggests that Portland’s higher cost of living stems from higher housing, grocery and general consumer prices, among other expenses. Data presented by Sperling’s Best Places offers similar findings. With the national average cost of living index set at 100, Portland’s cost of living features a score of 140.5, while Vancouver’s score is only 113.7. Since Portland doesn’t have a sales tax, the primary source of revenue is income tax, which ranks in the top 10 percent of the nation.
Cost of Living in Vancouver, WA
Vancouver, WA typically offers a lower cost of living than its larger counterpart. Numbeo’s data suggests that $3,863.18 in Vancouver would go as far as $4,900 spent in Portland. One major factor in these differences is housing prices. Whereas Vancouver earned a 136.9 housing score from Sperling’s Best Places, Portland’s housing score is considerably higher at 204.8.
Additionally, data from both Sperling’s and Numbeo suggests that Vancouver boasts lower prices for most everyday expenses, ranging from healthcare to transportation. Unlike Portland, Vancouver does have a sales tax, as well as slightly higher property tax rates. However, Vancouver doesn’t have an income tax.
See For Yourself
It’s important to note that these comparisons aren’t definitive – cost of living will vary based on your circumstances, such as your lifestyle, family needs and the neighborhood you call home. If you’re looking for a luxury home in the Portland-Vancouver area, contact Terrie Cox today. A World Ranked RE/MAX Broker, Terrie is fully prepared to assist you with luxury real estate and relocation services, whether you prefer the hustle and bustle of Portland, Oregon or the suburban atmosphere of Vancouver, Washington.