Housing Land Advocates– November 4, 2016
Portland Employment 2015 Industry Sectors
2000 – 2008 Employment Growth
2000 – 2008 Employment Growth 3,100 New Jobs
2008 – 2015 Employment Growth
2008 – 2015 Employment Growth 29,000 New Jobs
2000 – 2015 Employment Trend
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
Where Job Growth is Happening
Portland Income Disparities by Race Median Household Income, 2010
Occupational Disparities by Race
Where Job Growth is Happening
Single Family Price Trends
Comparison of Single Family
Comparison of Single Family
Transactions Following Affordability
Increasing Rents Source: Willamette Week
Access to Employment and Transit
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
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
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.