Ideally, what should I be earning to live "comfortably" in Portland, OR?
February 23, 2013 12:31 PM Subscribe
Hello, people of Portland! Is $50,000 a year enough to live on comfortably in your city?
I know, rather specific number, yes? I've been itching (like many people in their mid 20s to mid 30s) to make the pilgrimage to Portland, OR for a change of scenery and a boost in general inspiration. I've been searching the area for jobs in my field (research analyst) which generally pay around $50 to $55 grand a year with the added benefit of subsidized health insurance. That sounds like a nice number to ME, however, I currently live in a city that has a cost of living that is well below the national average (although this is changing given it is becoming the "next Portland" according to some...).
Currently I earn around $41 a year and I am able to save money each month. I checked a few websites that compare cities based on their cost-of-living averages and I believe that to keep my current standard of living I would need to earn between $48-53,000 a year in Portland, but that doesn't really tell me much. I just know everything is far more expensive.
To define comfortable: To be able to rent an nice apartment/house/condo in an area that is not "dodgy" and to be able to afford staples (food/transportation/utilities/Internet/health care, etc.) while squirreling away a bit for clothes, entertainment and maybe savings.
I know, you can't know how much my personal expenses are currently or what they will be in the future, so I wager what salary a person needs depends entirely on what they shill out every month for health care expenses, debts, etc. I don't live "high on the hog" but I also don't live paycheck to paycheck. I don't take any regular medications, I don't have cable, don't drink or smoke, I tend to be very frugal with food, but I do have student loans that will eventually need repaying (maybe $400 a month?). I also like to splurge on "nice" things every so often, like dining out, clothes, coffee or what not, but never anything I would define as extravagant. I do not own a car, but I share one with my partner.
I suppose my general question is, is it even a good idea to consider a move to Portland for a job that pays $50-55,000? Would I be just scraping by on that amount or would I be able to stay afloat and maybe actually ENJOY living there?
Thanks in advance!