The population of Portland is growing at a rapid rate, a fact that causes many lifelong residents to grumble and sigh in defeat. Heralded as “the new San Francisco,” Portland has seen a 5.2% population growth rate since 2010. According to census estimates released on March 26th, the Portland metro area has reached a population of approximately 2.35 million residents, with just over 116,000 transplants since 2010. Forbes counts Portland as one of the 20 fastest growing cities in America and recent estimates from the regional government Metro predict a 725,000 person increase over the next 20 years.
These statistics mean many things for the City of Roses: more competition for already highly sought after jobs, greater gentrification in older areas of the city, a higher cost of living and a booming real estate market for all 112 neighborhoods in the Portland metropolitan area.