Moving to Oregon

Are You Moving To Oregon?

Moving to Oregon is excellent for those who have an avid love for the great outdoors but also like to be able to mingle with city dwellers, Oregon is the place for you. Oregon’s most family-friendly cities are as diverse as their landscape.

With access to breathtaking wilderness areas, sweeping deserts, and long stretches of coastline, families who value outdoor recreation thrive here. Similarly, those seeking access to arts and culture will find exceptional theater, live music, and art museums even in the smallest towns.

Oregon is a state in the pacific northwest region and the west coast of the United State if you are looking for a refreshing change of scenery, with volcanoes, abundant bodies of water, dense evergreen, and mixed forests as well as high deserts and semi-arid shrublands.

If you’re going to move to Oregon, here are some things you need to know before making your move.

Moving to Oregon

Pros and Cons of Living in Oregon

Here are a few pros and cons to consider as you make your move to The Beaver State:

Pros.
  • No Sales Tax: Oregon is one of the few U.S. states with no sales tax. Of course, Oregon income Intex is high, but at least you won’t have to add sales tax to the cost of all your purchases after moving to Oregon.
  • Strong economy: This growth is projected to continue with an ever-increasing population and job opportunities.
  • Pro-Bicycle: Oregon’s mild winters and relatively advanced bike infrastructure make it a great place to be a bike owner and bike rider. Of course, if you live in an isolated homestead down a long gravel road you might not use your bike much.
Cons.
  • High Cost of Living: Currently ranked 2nd worst state to make a living, Oregon’s cost of living index (129.5) is nearly one-third higher than the national average.
  • Overall Tax Burden: Income tax ranges from 5 to 9.9%, placing the state in the top 10 for the highest income tax. It currently has the nineteenth highest local and state tax burden in the country.
  • Test Scores: Oregonian students have lower test scores compared to the other states. Regardless, students graduate high school and attend college more than the national average
Tax Rates
  • Property Tax: The effective property tax rate in Oregon is 0.82%, while the U.S. average currently stands at 0.99%.
  • Sales Tax: Oregon doesn’t have a general sales or use/transaction tax. However, Oregon does have a vehicle use tax that applies to new vehicles purchased outside of the state. The tax must be paid before the vehicle can be titled and registered in Oregon.
  •  Income Tax: The state personal income tax rates range from 4.75% to 9.9% of taxable income.
Housing Market

The average Oregon home value is $474,360, up 0.8% over the past year according to Zillow.

What Should I Know In 2023?

Economy Outlook

Oregon has one of the strongest job markets and state economies in America and is currently ranked #22 by USNews. Currently #17 for health care, #35 for education, and #14 for the economy, the state has experienced tremendous growth in recent years.

The Unemployment Rate in Oregon was 3.70% in April of 2022, according to the United States Federal Reserve. Historically, the Unemployment Rate in Oregon reached a record high of 13.30 in April of 2020. Trading Economics provides the current actual value, an historical data chart, and related indicators for the Unemployment Rate in Oregon – last updated by the United States Federal Reserve in February of 2023.

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Traffic & Transportation

The best way to get around Portland is public transportation, although you shouldn’t rule out your own two feet. This city is known for having one of the easiest and most tourist-friendly public transportation systems in the country, with extensive routes from TriMet buses and light rail trains.

TriMet offers light rail, bus, and streetcar service throughout the metro area.

MAX Light Rail. Portland’s efficient light rail system connects the metro area and downtown core.

Portland Streetcar. In 2001, Portland built the nation’s first modern-day streetcar: the sleek and modern Portland Streetcar.

Cost of living

Though 30% higher than the national average, Oregon’s cost of living is fairly reasonable when compared to California or New York.

Let’s use the Family Budget Calculator to examine the cost of living in two cities. First, we’ll take a look at Portland. A family of four in the Portland metropolitan area pays the following: $1,536 for housing, $864 for food, $1,726 for childcare, $1,211 for transportation, $1,110 for healthcare, $870 for other necessities

Of course, expenses will vary according to personal needs, region, and family size.

Moving to Oregon

Things to Know When Moving To Oregon

Oregon Climate

Oregon’s climates range from equable, mild, marine conditions on the coast to continental conditions of dryness and extreme temperature, in the interior. Temperatures are moderate: July temperature average in the upper 50s F (about 14°C), January temperatures in the low 40s F (about 5°C).

Employment

Oregon is enjoying strong economic growth. During the past year, more than 46,000 new jobs were added to the state's economy, an increase of 2.5%. ... Healthcare represents more than 10% of Oregon's labor market and 11% of new jobs created during the past year.

Real Estate

The average Oregon home value is $474,360, up 0.8% over the past year according to Zillow.

Average Income

As of Mar 23 of 2023, the average annual salary in Oregon is $61,665 acoording to ZipRecruiter.

Industries

The fastest-growing industries in the state are healthcare, management, food & beverage, computer and mathematics, forestry & wood products, life, physical, and social science.

Crime Rankings

2023 Oregon crime rates. Violent crime in Oregon increased this year from 2.9 incidents per 1,000 people to 3.6.

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