The citys average temperatures range from 22 degrees Fahrenheit to 89 degrees Fahrenheit. And trust us, its not going to get cheaper, either. But even then, the price of groceries is going to significantly influence your cost of living. You may find it difficult to adapt and regret moving there or even taking a vacation there. While other resources provide basic cost comparisons. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. In Portland, the average cost of living for a single person is $1,133 without rent. The diverse mix of people here keeps the days and nights exciting. However, both are pretty evenly split. Disclaimer: NerdWallet strives to keep its information accurate and up to date. If youre used to temperate weather, for example, moving somewhere that frequently has hot or cold temperatures can be a shock. Its more of a sunny and dry place compared to Portland. Match with reputable MBA/MS programs in minutes by completing your applicant profile with MetroMBA. Whatever the reason, Denver has a higher average salary with wages increasing. Minneapolis, MN to Denver, CO -2.2% $0.00k $30.00k $60.00k Estimated Salary change Minneapolis, MN to Denver, CO -4.6% Think Carefully Looks like this move could have a negative net change in disposable income $-1,425.3 Explanation The cost of living in Denver, CO is -2.2% lower than in Minneapolis, MN. Portland, on the other hand, has had a decrease of 0.7% in wages over the past few years. In its early history, it became known as the most dangerous port city in the world. WebDenver, Colorado Population 2023 750,130 Denver is a city located in Adams County, Denver County, and Jefferson County Colorado. How are you going to choose? The average salary in Portland is $73,000 a year. Both Portland and Denver are known for their superb street art as well as their heavily-endowed museums. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. If you love arts, then youre going to adore living in either city. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Here's how to know how much you really need. This has started to cause minor problems. Denver, on the other hand, tends to have the exact opposite issue. Youre down to two: Portland and Denver. (2023 Updated), Does Kroger Take Apple Pay? Denver, CO. One of the most important aspects to consider when moving to a city is the average salary. (2023 Updated), Does Trader Joes Take EBT? Beth was born under a wandering star, with drama in her veins and ink in her pen. If youre planning to visit or move to a new city, knowing its average temperature and climate is important. Here are a few differences between Denver and Portland. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Gourmet food, craft beers, and hitting up shopping districts are all common things to do here. The presence of parks and other natural landmarks make Portland one of the cities that promotes eco-friendliness. The universities need staff members of all kinds to stay operational. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. If you are a fan of education, living in either city will be a blessing. Since Denver has a slightly older age group, it may indicate that those who start to work in Denver also remain there and grow old there. Theyre sporty, love the outdoors, and also tend to enjoy things like horseback riding. Price collection by city is conducted in strict conformance with standard specifications at specified times. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Last Updated Sep 18, 2019 by Maggie Boccella[ssba]. Considering rent, its a bit more expensive to live in Portland than it is in Denver. Housing Costs. Plus, it offers panoramic and breathtaking views. Cities ranked 164th and 249th ($2527 vs $2375) in the list of the most expensive cities in the world and ranked 136th and 192nd in the United States. The increased homelessness rate in Portland has affected the residents quality of life. Highlights - Denver has 61.0% less rainy days than Portland. Denver is a no-brainer for those who like to hit the slopes in the winter for skiing or snowboarding, and if thats not your thing, there are hundreds of options for white water rafting, hot springs, hiking, and zip lining. Our partners cannot pay us to guarantee favorable reviews of their products or services. Both cities arent that safe, but Denver has more violent crimes than Portland, and Portland has more property crimes than Denver. The estimated population in Denver is 760,049. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Museums never get old when strolling around Denver. The citys violent crime is currently below average. We wont send you spam. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Do these housing costs seem low to you? For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. The demographics of both cities are also similar in some cases but different in others. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The unemployment rate is a half of a percent higher in Denver than in Portland, which could help you to put a check in its pros column. Lets talk about it. In 2021, there were 47.5 per 1,000 people unemployed in Portland. The typical commuting distance for a Portland local is around 25 minutes. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. However, in terms of other Portland and Denver have excellent amenities and lifestyles that most Americans consider enviable. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. That means Denver has a crime rate of 8.86% per 1,000 residents. Our partners compensate us. The quality of life in both cities is comparable, though Portland has more rain. This city in Colorado has a higher diversity rate, having 53% of its total population being white. So how do we make money? The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. This means that a typical American would pay $100 for necessities on average, while Denverites would pay $128.70 for the same stuff, and while Portlandians would pay $130.80 for the same batch of real estate/food/whatever. Denver became Colorados capital during a gold rush that occurred within the area. If you like dryness, Denver will fit better. Pro-business policies are behind boom towns. The problem may be even worse if youre used to one extreme and end up moving to another extreme. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). (2023 Updated), Does Sam's Club Have Curbside Pickup? The city may be one of the least diverse metropolitan areas in the United States, but Portlands metro is one of the most varied regions in Oregon. There are a few key differences between Denver and Portland when it comes to job opportunities and job growth. For some sugar rush, visit the famous Voodoo Doughnut. You can essentially expect to have pleasant summers but very snowy or at least sleety winters. The estimated population in Portland is 666,453. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. The wages may be too low, there might not be enough benefits, or there may be any other number of issues that the workers have with the listed jobs. This addiction relatively causes higher property crime rates. However, their unemployment rate has increased slightly. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Learn how your comment data is processed. And it adds up. Before you get the keys to your new home, you'll have to pay closing costs. Pre-qualified offers are not binding. And it adds up. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Denver is currently growing at a rate of 1.56% annually and its population has increased by 4.84% since the most recent census, which recorded a population of 715,522 in 2020. Spanning over 155 miles, Denver has a population density of 4,893 people per square mile. The average household income in Denver is $99,151 with a poverty rate of 13.98%. According to the latest BLS data, consumers average over $7,000 per year on food expenses. This is also evidenced by the unemployment rate in Denver. Denver is another ideal city for the great outdoors. Please check your download folder. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Proximity to employment is an important consideration because it can drastically impact your cost of living. As miners scouted for gold, theyd find another rich vein a bit further from Denver. However, Portland has a higher chance of property crime occurring than Denver. Both universities are big research institutions besides offering college courses to students. Denver has had an increase of 1.7% in wages over the past few years. Both cities have quirks that make them significantly known among several groups. What is the breakdown of the cost of living? Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. The new construction looks like everything built anywhere in North American over the last 30 years. It might suggest that Portland either hasnt increased wages to match the cost of living or that there have been more lower-paying jobs created than higher-paying jobs in recent times. Colorado, and especially Denver, also has a successful marijuana industry thats growing. Here is a list of our partners. You can also say that Denver is another city for craft brew enthusiasts. Get matched with a top agent in your area. Home / North America / Portland vs Denver a Living or Travel Comparison. Since Portland has a slightly younger age group on average, it may indicate that as the population becomes older, they might decide to move out of the city. The average age group in Portland is 35 years old. No one wants to visit or live somewhere where they have to constantly worry about home break-ins, car thefts, or violent crimes. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The estimated population in Portland is 666,453. It has higher rates of violent crimes while property rates are declining. 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University of Colorados Denver Business School, University of Denvers Daniels College of Business, and Colorado State Universitys College of Business all offer a similarly diverse group of specializations for working professionals and full time students. They both got their start as frontier towns looking to cash in on a gold rush. With rent, you can easily tack on another $1,000. Cities ranked 164th and 249th ( $2527 vs $2375) in the list