Portland family needs $69K to live modestly

Portland family needs $69K to live modestly

Credit: KGW Meteorologist Rod Hill

Portland family needs $69K to live modestly

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by SARA ROTH, KGW.com Staff

kgw.com

Posted on July 8, 2013 at 7:15 PM

Updated Wednesday, Jul 10 at 1:22 PM

Poll:
Is $69,000 enough for 4 to live modestly in Portland?

PORTLAND – A new study determined that a family of four living in the Portland area needs to make nearly $69,000 a year to live modestly.

According to the Economic Policy Institute’s Family Budget Calculator, a family of two parents and two children must make $68,722 for a “secure yet modest living standard.”

The calculator estimated costs including housing, food, child care, health care and taxes. The study determined that a family of four needs at least twice the amount of the federal poverty line to live modestly.

According to EPI, the most expensive city for a family of four was New York City, where they would need $93,722.

The most affordable was Marshall County, Miss., where four could live modestly on $48,144 a year.

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