Retire in Portland

Approved City

Affordability

Find out how much it costs to live in Portland.

Cost of Living

Living in Oregon definitely has its perks. Unfortunately, tax friendliness isn't one of them, with a rating of "Least Tax Friendly" by Kiplinger. The cost of living in Portland is also much higher than the national average.

Kiplinger Rating:

Least Tax Friendly

State Income Tax:

5-9%

Social Security Tax?

None

County + State Sales Tax

0%

Property Tax Rate *

1%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

1166

* 2008-2010

Cost of Living Index (100=average):

128.5

Housing + transportation costs as % of income:

48%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Yes

Tax burden: % income going to state and local taxes:

10.1%

Inheritance and estate taxes (per Kiplinger):

Oregon has a state estate tax for estates of more than $1 million. The maximum rate is 16%. There is no inheritance tax.

Taxing of other retirement income (per Kiplinger):

Yes

Property Tax Break for Seniors (per Kiplinger):

Homeowners 62 and older may delay paying property taxes based on certain income criteria. With the Property Tax Deferral for Disabled and Senior Citizens program, the state pays the taxes to the county, maintains the account and charges 6% interest, which is also deferred. Taxes are owed when the taxpayer receiving the deferral dies, sells the property, no longer lives permanently on the property, or the property changes ownership. To qualify, the taxpayer must live on the property and have a total household income of less than $43,000 in 2015.

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

eRetirements has partnered with a network of over 12,500 top performing Realtors covering 91% of the United States. These Realtors will show you around town, assist you in viewing properties, and provide you with local info that would be nearly impossible to discover on your own.

Real Estate overview not available for Portland

To learn more about real estate in Portland book a visit and we'll help you find the right place to live.

Work Potential

In regards to work potential for retirees, Portland falls somewhere around the national average. With around 15% of individuals 65+ employed, and 65% of those part time, retirees can stay a part of the workforce in industries such as accommodation and food services, retail trade, and administrative services.

  • Area
  • National Average

5 Largest Companies

  • ICS Blount
  • Legacy Emanuel Medical Center
  • Portland Intl Airport
  • Providence Portland Medical Center
  • Portland State University

GDP Growth Last 3 Years

5.7%

Income Growth Last 3 Years

5.4%

Employment Growth Last 3 Years

4.2%

Top Industries Hiring

  • Construction
  • Accommodation and food services
  • Professional, scientific, and technical services
  • Retail trade
  • Administrative and waste management services

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

Didn't find what you're looking for? Ask the community a question.