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Housing Land Advocates– November 4, 2016
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Portland Employment 2015 Industry Sectors
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2000 – 2008 Employment Growth
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2000 – 2008 Employment Growth 3,100 New Jobs
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2008 – 2015 Employment Growth
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2008 – 2015 Employment Growth 29,000 New Jobs
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2000 – 2015 Employment Trend
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2008-2015 High Growth Industries
Education and Medical – 14,000 Jobs Professional Services – 9,500 Jobs Web development Design and Marketing Corporate Headquarters Satellite Offices Accommodation and Food Services – 6,600 Jobs
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Where Job Growth is Happening
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Portland Income Disparities by Race
Median Household Income, 2010
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Occupational Disparities by Race
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Where Job Growth is Happening
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Single Family Price Trends
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Comparison of Single Family
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Comparison of Single Family
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Transactions Following Affordability
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Increasing Rents Source: Willamette Week
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Access to Employment and Transit
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Student Loan Debt 8 years to save 10% down payment with student loans
16 years to save 10% down payment with $38,000 in student loans
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Child Care Costs Two children full time - $2,500/month
40% of monthly income One school age, one toddler - $2,000/month 37% of monthly income
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Economic Prosperity and Housing Affordability
Land supply and regulations that support new affordable and market rate housing across the income spectrum Housing choice and opportunity Policies to support job growth in middle wage occupations Education and training Equal Pay Affordable Childcare An equitable city is a growth strategy – Portland’s future success hinges on our ability to not become a majority low and high income city.
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