Lower-Income Households Not Yet Fleeing Portland Region

Over the past decade the number of lower-income households in the Portland region has fallen by nearly 60,000, or by 15%. Here, we’re defining lower-income to not just be those in poverty, but generally speaking in the bottom 40% or so of the distribution. Conversely, the vast majority of household growth this cycle is among those making $100,000 or more. To the extent that these changes reflect a stronger economy in which household incomes are rising, then this is great news. However, we also know that lower-income households and those on fixed income bear the brunt of the housing affordability crunch.

Source: Oregon Office of Economic Analysis | Oregon Economic News, Analysis and Outlook