Portland Economic Trends

Employment

Growth by US StateDec 2015 to Dec 2016

-2.7

-1.8

-1.4

-1

-0.7

-0.3

-0.3

-0.2

-0.1

0.1

0.2

0.3

0.3

0.4

0.5

0.5

0.6

0.6

0.6

0.7

0.7

0.8

0.8

0.8

0.9

1

1

1.1

1.2

1.3

1.5

1.7

1.7

1.8

1.8

1.8

1.8

1.8

1.9

2

2

2.1

2.2

2.2

2.3

2.8

2.9

2.9

3

3

Wyoming

Alaska

North Dakota

Mississippi

Kansas

Maine

Oklahoma

Louisiana

Connecticut

West Virginia

Arkansas

New Jersey

New Mexico

Vermont

Illinois

Pennsylvania

Delaware

Iowa

Ohio

Indiana

Kentucky

Nebraska

Rhode Island

Wisconsin

Alabama

Maryland

Virginia

New York

Arizona

Minnesota

Tennessee

Michigan

South Dakota

Colorado

Hawaii

New Hampshire

South Carolina

Texas

North Carolina

Idaho

Massachusetts

California

District of Columbia

Georgia

Missouri

Utah

Nevada

Washington

Florida

Oregon

Job Growth by Metro2010 to 2016

Portland

161,500

Eugene

22,600

17,810

16,000

9,430

The Portland Metro

region has added 161,500

new jobs in the last six

years.

That’s 2 times more jobs

than the other six Oregon

Metros combined.

Salem

Bend

MedfordAlbanyCorvallisGrants Pass

-2%

-2%

0%

0%

0%

1%

1%

1%

1%

1%

2%

2%

2%

3%

3%

3%

3%

3%

3%

4%

4%

4%

4%

4%

5%

5%

5%

5%

5%

5%

5%

5%

5%

5%

6%

6%

6%

6%

7%

7%

7%

7%

8%

8%

8%

8%

9%

9%

10%

14%

Detroit

San Jose

Cleveland

Baltimore

Oklahoma City

Pittsburgh

Albuquerque

Columbus

Memphis

Tucson

Omaha

Kansas City

Fort Worth

Louisville

Indianapolis

Honolulu

Tulsa

St. Louis

Irvine

San Antonio

Nashville

Orlando

Las Vegas

Milwaukee

Charlotte

Philadelphia

Houston

New York

Tampa

Chicago

Washington DC

Los Angeles

Denver

Salt Lake City

Dallas

El Paso

Minneapolis

Paradise, NV

Jacksonville

Seattle

Sacramento

San Diego

Austin

Atlanta

Phoenix

Raleigh

Boston

San Francisco

Portland

Miami

Employment

Growth by US City2013 to 2015

50 Largest US Cities

US Census, ACS Table S0804

Portland enjoyed the second

fastest job growth rate among

the 50 largest US cities. That’s

more than twice the growth

rate of the United States.

The city of Portland added

42,062 jobs within the city

limits from 2013 to 2015.

That’s more than Salt Lake

City, Las Vegas and Milwaukie

combined.

-10%

-8%

-7%

-6%

-5%

-4%

-4%

-3%

-3%

-2%

-1%

0%

1%

1%

1%

2%

2%

3%

3%

3%

4%

4%

4%

4%

4%

5%

5%

5%

5%

5%

6%

6%

7%

7%

8%

8%

8%

9%

10%

10%

10%

10%

11%

11%

14%

18%

18%

19%

21%

23%

Las Vegas

Memphis

Detroit

Albuquerque

New Orleans

Tucson

Virginia Beach

Fresno

Jacksonville

Long Beach

Indianapolis

Charlotte

Wichita

Miami

Mesa

Los Angeles

Cleveland

Sacramento

San Antonio

Colorado Springs

Dallas

San Diego

Chicago

Tulsa

Houston

Milwaukee

Raleigh

New York

Columbus

Phoenix

Baltimore

Oklahoma City

Fort Worth

Boston

Omaha

Minneapolis

Kansas City

Louisville

San Jose

Oakland

Philadelphia

Nashville

Atlanta

El Paso

Washington DC

San Francisco

Denver

Portland

Austin

Seattle

Median Household

Income Growth by

US City 2010 to 2015

50 Largest US Cities

US Census, ACS Table S1901

Portland enjoyed the third

largest increase in household

income among the 50 largest

US cities. That’s more than

seven times the growth rate of

the United States at 2.5%.

(Inflation adjusted.)

That increase of $9,604 from

2010 to 2015 brought Portland

from being the 17th wealthiest

city to the 8th among the 50

largest US cities.

55%

37%

Portland Metro 20 Metro Composite

Housing Price Index

S&P CoreLogic Case-ShillerOctober 2011 to October 2016

Population Growth

US City2010 to 2015

US Census, ACS Table PEPPANNRES

The population of the city of

Portland grew by 8% from

2010 to 2015, slightly faster

than the 6.7% average growth

rate among the 50 largest US

cities.

-5%

0%

1%

1%

1%

2%

2%

2%

2%

3%

3%

3%

3%

3%

3%

4%

4%

5%

5%

5%

5%

5%

6%

7%

7%

7%

7%

7%

7%

7%

7%

8%

8%

8%

8%

8%

8%

9%

9%

10%

10%

10%

11%

11%

12%

12%

12%

12%

13%

14%

Detroit

Baltimore

Memphis

Milwaukee

Chicago

Wichita

Tucson

Albuquerque

Long Beach

Philadelphia

Omaha

Tulsa

Louisville

Virginia Beach

Kansas City

Indianapolis

New York

El Paso

Los Angeles

Fresno

Sacramento

Jacksonville

Arlington

Las Vegas

San Diego

Oakland

Mesa

Minneapolis

San Francisco

San Jose

Boston

Columbus

Phoenix

Portland

Nashville

Dallas

Oklahoma City

Colorado Springs

Houston

Atlanta

Miami

San Antonio

Raleigh

Washington DC

Fort Worth

Charlotte

New Orleans

Seattle

Denver

Austin

1%

4%

5%

6%

9%

10%

11%

11%

12%

12%

12%

12%

12%

13%

13%

13%

14%

14%

15%

15%

16%

16%

16%

17%

17%

18%

18%

20%

20%

21%

21%

21%

21%

22%

22%

22%

23%

23%

23%

23%

24%

26%

27%

28%

28%

28%

29%

34%

34%

37%

Albuquerque

Plano

Virginia Beach

Memphis

Louisville

Long Beach

Sacramento

San Antonio

Jersey City

Indianapolis

Arlington

Kansas City

Scottsdale

Los Angeles

Chicago

Omaha

Minneapolis

Milwaukee

Phoenix

Fort Worth

Colorado Springs

Oakland

Las Vegas

New York

San Francisco

Oklahoma City

Houston

Raleigh

Boston

San Diego

Dallas

Atlanta

El Paso

Charlotte

Columbus

San Jose

Tampa

Nashville

Seattle

Fremont

New Orleans

Jacksonville

Portland

Baltimore

Irvine

Philadelphia

Washington DC

Denver

Miami

Austin

US Average

College Graduates

of Working Age

Growth by US City2010 to 2015

The city of Portland added

41,130 people with college

degrees, between the age 25

and 65, from 2010 to 2015.

That growth rate of 27% is the

8th fastest among the 50

largest US cities. The US

growth rate is 10%.

Portland’s growth in this

demographic is more than

Indianapolis, Milwaukie and

Minneapolis combined.

Multnomah County Economy Stats

• 20% of Oregon’s population (790,294 in 2015)

• 0.5% of Oregon’s area

• 27% of Oregon’s jobs (506,700 in Nov. 2016)

• 29% of Oregon’s payroll ($27.2 Billion in 2016)

• 22% of Oregon’s state personal income tax

• 40% of jobs created in Oregon in the last 10

years (52,200 jobs. 12% job growth versus 6% for Oregon)

• 20% of people in poverty in Oregon (121,764 in 2015)

77700

-

Employment Growth

by County2009 to 2016

Multnomah Co

77,700

Clackamas Co

21,800

Washington Co

51,900

Marion & Polk

Deschutes

Lane

Jackson

Benton

Linn

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Less than$10,000

$10,000 to$14,999

$15,000 to$24,999

$25,000 to$34,999

$35,000 to$49,999

$50,000 to$74,999

$75,000 to$99,999

$100,000 to$149,999

$150,000 to$199,999

$200,000 ormore

Median Household

Income is $60,892

Households with incomes of

more than $100,000 grew by

50%.

Households with incomes of

less than $35,000 declined by

20%.

Median tier households, with

incomes between $50,000 and

$75,000 grew by 2%.

Household Growth

by Income Level2010 to 2015

+13,198

+18,051

+1,000

-16,255

-6,855

US Census, ACS Table S1901

City of Portland

Portland Metro Industry Growth1 Year Trend – Feb 2017

1.2%

1.8%

-2.5%

3.5%

2.3%

1.4%

9.8%

1.9%

Government

Leisure & Hospitality

Manufacturing

Health Care & Social Asst.

Retail

Professional & Business Services

Construction

All Industries

Portland Metro Industry Growth10 Year Trend – Feb 2007 to Feb 2017

10%

23%

-5%

32%

9%

25%

1%

12%

Government

Leisure & Hospitality

Manufacturing

Health Care & Social Asst.

Retail

Professional & Business Services

Construction

All Industries

Job Growth by Industry WagesMarch 2017 / 2007 Portland Metro

Average

Wage $1,000Job GrowthIndustry

High Wage

High Tech Manufacturing $ 133

12%

Information $ 79

Professional and Technical $ 80

Financial activities $ 71

Wholesale Trade $ 70

Ambulatory health care $ 63

Middle Wage

Construction $ 59

4%Government $ 56

Manufacturing (non High Tech) $ 55

Low Wage

Employment services $ 37

15%Retail trade $ 31

Nursing and residential care $ 28

Leisure and hospitality $ 21

High Wage IndustriesPortland Region

Average Wage and Employment Growth from August 2010 to August 2016

All Industries $ 55,523 17%

Computer and electronic product manufacturing $ 132,712 10%

Management of companies and enterprises $ 132,421 27%

Computer systems design and related services $ 109,357 17%

Software publishers $ 107,623 42%

Scientific research and development services $ 92,563 9%

Architectural, engineering, and related services $ 78,984 19%

Ambulatory health care services $ 68,138 17%

Accounting, bookkeeping, and payroll services $ 60,398 27%

Specialized design services $ 59,968 29%

Employment Growth – Portland RegionOccupational Category 2010 to 2015

29%

10%

14%

10%

16%

21%

23%

33%

34%

15%

0% 10% 20% 30% 40%

Food preparation and serving related

Construction and extraction

Production, transportation, and materialmoving

Legal occupations

Business and financial operations

Life, physical, and social science

Architecture and engineering

Healthcare practitioner and technical

Computer and mathematical

Total

Population : 2010 to 2015College Degree Age 25-64

12,316

7,309

10,918

34,820

25,667

33,503

53,596

78,510

139,711

195,071

Yamhill County

Douglas County

Linn County

Deschutes County

Jackson County

Marion County

Lane County

Clackamas County

Washington County

City of Portland

1,622

-2,465

-1,040

8,828

543

-947

1,205

13,494

18,882

41,130

15%

-25%

-9%

34%

2%

-3%

2%

21%

16%

27%

Douglas Co

Linn CoMarion Co

Population Growth2010 to 2015

College Degree Age 25 to 64

City of

Portland

41,130

Clackamas

County

Deschutes

County

Washington

County

Jackson Co

44,574

These 9 counties have a population of 2.4 million.

That’s 59% of Oregon’s population and 3.8 times the

size of the City of Portland.

Lane CoYamhill Co

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Graduate Degree

High School Diploma -10%

+8%

Bachelors Degree

-5%

Median Earnings by EducationPortland Metro - Males

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

$100,000 + Income WorkersCensus tracts where 1/3 or more of workers earn $100,000 +

Workers Earning

$100,000 +2015

Multnomah Co

38,335

Clackamas Co

23,045

Washington Co

38,373

Marion

Deschutes

Lane

Jackson

Benton

Linn

US Census ACS S2001

Average Income by Census Tract - 2015

Alameda

$104 K

Laurelhurst

$105 K

Pearl

District

$107 K

Eastmoreland

$106 K

Riverwood

$142 K

Lake Oswego

$119 K

Bull

Mountain

$102 K

Bethany

$117 K

Cedar Mill

$130 K

Average Income by Census Tract - 2015

Gresham

Golf Course

$35 K

Rockwood

$32 K

Eastport Plaza

$33 K

South

Rockwood

$34 KLents

$37 K

Clackamas

Town Center

$33 K

Downtown

$34 K

Milwaukie

$49 K

St. Johns

$49 K

Cully

$45 KKing

$45 K

People of Color33% or greater

US Census 2015 5 year ACS : S0601

Poverty Rate25% or greater

US Census 2015 5 year ACS

$21,972

$22,423

$23,050

$23,499

$23,793

$24,264

$24,590

$24,628

$25,892

$26,883

$31,618

$32,472

$33,014

$34,259

$36,004

Josephine

Umatilla

Linn

Klamath

Douglas

Marion

Jackson

Polk

Lane

Yamhill

Benton

Deschutes

Multnomah

Washington

Clackamas Per Capita Income

By Oregon County2015

89% of Oregonians live in one

of the 15 largest counties.

Multnomah is the 3rd

wealthiest of the large

counties.

Per Capita Income

By Oregon County2015

$21,972

$22,423

$23,050

$23,083

$23,499

$23,793

$24,264

$24,590

$24,628

$25,892

$26,883

$31,618

$32,472

$34,259

$36,004

$38,735

Josephine

Umatilla

Linn

Multnomah - East

Klamath

Douglas

Marion

Jackson

Polk

Lane

Yamhill

Benton

Deschutes

Washington

Clackamas

Multnomah - West

Imagine we divide Multnomah

County between “East” and

“West” along 82nd Avenue.

“West Multnomah” would be the

wealthiest Oregon county with an

average income 68% higher than

“East County”. If it were a US

state, it would be the 2nd

wealthiest state.

“East Multnomah” would be

among the poorer counties, but

with a population greater than

Linn, Umatilla and Josephine

combined. If it were a US state, it

would be the 49th wealthiest

state, between West Virginia and

Mississippi.

$53,122 $20,321

$73,959

$87,778

$57,657

$55,425

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Mean Household IncomeEast Portland vs. Rest of City of Portland