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Saturday, December 5, 2020

Why high rent cost is a problem in Portland.

 


If there is one thing that every honest living person deserves in their life, it is a place to live. To me, one of the biggest issues in the entire city of Portland is the excruciatingly high cost of renting an apartment. While there are some who can afford the cost of living in the city, most do not have that luxury, especially if they want to live close to their place of work.

Over the past decade, the cost of living in an apartment has fluctuated from being decently affordable to the average worker to the point where half of their entire monthly paycheck goes towards rent if said worker is on minimum wage in an urban growth boundary, according to Oregon.gov, which is $13.25 an hour as of December 2020.

Today, according to Rent Jungle, the average rent for an apartment within Portland is a staggering $1531, again, only half of a monthly paycheck. In comparison, the rent between January and December of 2011 ranged from $941 to $1092. While the minimum wage has slightly risen during the past ten years, the rent price has risen by around $500. For a lot of people who want to live in Portland, especially if they work within or nearby city limits, $1500+ seems to be too much of a steep price for just a room in an apartment complex. As a result, people are often forced to live with family or friends for extended periods of time in order to keep a roof over their heads.

As concerned citizens, this is a problem that should be brought to the attention of many a landlord, as this not only contributes to people not being able to afford necessities or means of transportation, but also to the issue of homelessness within the city. We understand that utilities must be paid for, but does it really cost over a grand to cover it all from each tenant?

Sources for more information:

Average rent in Portland: https://www.rentjungle.com/average-rent-in-portland-or-rent-trends/
Minimum wage in Oregon: https://www.oregon.gov/boli/workers/Pages/minimum-wage.aspx

Post by Tom Newton
Senior, PSU

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