Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Portland, Indiana is a small city with a population of 5,972 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Portland could be considered less diverse than other cities. Portland is not known to have a high population (over 15 years old) of married people. At only 48% married, this city falls well below the national average. If you are not a fan of long commutes, you will enjoy living in Portland. With an average one way commute time of only 17 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Portland, Indiana. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, crime, cost of living, commute, employment, you can easily compare the best places to live in Portland and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Portland to Indiana and the national average.
The livability score in Portland is 70 out of 100 and the city is ranked in the 77th percentile of all cities across America. If we consider each of the categories individually, we see that Portland ranks well for crime (A-) and housing (A-). Regrettably for Portland, there are some categories for which it does not rank well, this includes: amenities (F) and employment (F).
The unemployment rate in Portland has consistently declined over the years and currently stands well below the national average at 2.12%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Portland excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Portland meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Portland. Everything else becomes a lot less important if it turns out that home prices in Portland are simply unattainable. Median real estate prices in Portland come in at $76,100, which is 39.8% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Portland, the home price to income ratio is 1.9, which is 24% lower than the Indiana average.
| Statistic | Portland | Indiana | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 79.3% | 83.0% | 76.4% |
| Workers who carpool | 16.6% | 8.9% | 9.3% |
| Workers who take public transit | 0.3% | 1.1% | 5.1% |
| Workers who bicycle | 0.2% | 0.5% | 0.6% |
| Workers who walk | 1.2% | 2.1% | 2.8% |
| Working from home | 1.2% | 3.5% | 4.6% |
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