Portland-Vancouver-Hillsboro, OR vs Bend-Redmond, OR
A 2-bedroom in Bend-Redmond costs $138 less per month than Portland-Vancouver-Hillsboro ($1,784 vs $1,922). Median income is $94,573 in Portland-Vancouver-Hillsboro and $85,509 in Bend-Redmond. That's a difference of $1,656 per year in housing costs.
Side-by-Side Comparison
| Metric | Portland-Vancouver-Hillsboro | Bend-Redmond |
|---|---|---|
| Studio FMR | $1,570 | $1,362 |
| 1BR FMR | $1,677 | $1,371 |
| 2BR FMR | $1,922 | $1,784 |
| 3BR FMR | $2,619 | $2,481 |
| 4BR FMR | $3,109 | $2,993 |
| Median Income | $94,573 | $85,509 |
| Rent Burden | 24.4% | 25% |
| Actual Median Rent | $1,654 | $1,583 |
| Median Home Value | $526,500 | $550,400 |
| Population | 2.5M | 254K |
| Renter % | 38% | 28.7% |
| Vacancy Rate | 4.8% | 13.9% |
| Poverty Rate | 9.5% | 9.6% |
| YoY Change | - | +9.9% |
| Min Wage | $14.70/hr | $14.70/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Bend-Redmond, OR is more affordable with a 2BR FMR of $1,784/mo, which is $138 less than Portland-Vancouver-Hillsboro at $1,922/mo. However, when considering local incomes, Portland-Vancouver-Hillsboro has a rent burden of 24.4% vs 25% in Bend-Redmond.
A 2-bedroom in Portland-Vancouver-Hillsboro, OR costs $1,922/mo at Fair Market Rent, while in Bend-Redmond, OR it's $1,784/mo, a difference of $138/mo or $1,656/year.
To afford a 2BR without spending more than 30% of income on rent: Portland-Vancouver-Hillsboro requires $76,880/year ($37/hr). Bend-Redmond requires $71,360/year ($34/hr).