PORTLAND Ore. (KPTV) – Portland’s cost of living continues to rise above the national average, driven largely by high housing prices and stagnant wages — and now, local and state leaders are responding with new policy efforts aimed at turning the tide.
As part of FOX 12’s next edition of Be Seen. Be Heard. Portland, where reporters take questions and concerns from constituents in their communities directly to those in power, the FOX 12 Investigates team is taking an in-depth look at cost of living in the metro area.
According to Rent.com, the average rent for a one-bedroom apartment in Portland is $1,570 per month, compared to the national average of $1,495. The city’s median home sale price stands at $500,000 — significantly higher than the $420,000 national median…