14.75 Oregon JustBecame More

AffordableBill Gaffney, Change Realty LLC

BillGaffneyOregon.net

For a long-time, Oregon has been known as great place tolive at a great price. In addition to having miles of

untouched nature to appreciate, the state also boasts a largejob market, innovative innovation, and progressive values.

In March, when Oregon Gov. Kate Brown signed ahistoric bill to increase the minimum wage, living in

Oregon became even better.

Previously the minimum wage was$9.25–a price that was markedly

better the USA minimum of $7.25,and better than over half of the

states in the country.

With the new bill,the minimum wage

will increase atdifferent rates indifferent areas.

In Portland, where the medianprice for housing hasskyrocketed in the pastseveral years, the minimumwage will jump to $14.75.

In smaller cities and midsizecounties, the new minimumwill jump to $13.50, and inrural areas, the wage willincrease to $12.50.

The wage will have it’s first bump up to $9.50 in rural areasand $9.75 everywhere else on July 1, 2016. We will see the

remainder of the wage increase gradually over the next sixyears, landing at its targeted levels in 2022.

Oregon has consistently outdone itself as a place where it isnot only great to live, but also affordable. These most recent

developments only strengthen its case.

Along the lines of affordability, please check out ChangeRealty–home of the 1% listing fee!–for current Portland

Metro Area listings.

For More Oregon Real Estate insights,check out Bill Gaffney's Blog

BillGaffneyOregon.com