Speaker John Tapogna, President of ECONorthwest highlighted five key takeaways at the event.
- Portland has grown significantly its college-educated population as compared to our peer regions of Seattle, Austin, Salt Lake City, Nashville and Indianapolis. From 2010-2017, Portland increased by 20% the number of those age 25+ with an associates degree or higher.
- Portland's wealth is more equitable relative to our peer cities, yet is still sorely lacking in wealth equality for Black/African American residents.
- Commute times is increasing all peer group regions with Portland ranking second with 42% of workers with commutes longer than 30 minutes, second only to Seattle, which has half of all workers driving or commuting longer than 30 minutes.
- Portland stands in the middle of the pack of our peer groups with respect to employment growth.
- Portland's cost-burdened households for both owner-occupied residents is the highest among the peer group cities. Portland is now less affordable than Seattle, Salt Lake, Austin, Nashville or Indianapolis.
Also notable among Tapogna's remarks: "What drives Portland's homelessness is the high cost of housing."