Is Nob Hill / NW 23rd Expensive?

Portland, United States

+22% vs Portland avg

Living in Nob Hill / NW 23rd, Portland

Nob Hill / NW 23rd is the most expensive area in Portland, with a cost of living index of 82.0 — that is +22% compared to the Portland average. Only the top 3 of 30 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around $2,196/month, compared to a range of $1,260 in Gresham to $2,340 in Pearl District.

Monthly Budget Breakdown

For a typical resident of Nob Hill / NW 23rd, housing takes up roughly 55% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $87,840 before tax.

Typical Salaries in Nob Hill / NW 23rd

Salaries in Nob Hill / NW 23rd reflect the local cost of living. Based on the neighborhood COLI of 82.0:

After tax and deductions of 31.5% in United States, take-home pay for someone earning $87,840 would be roughly $60,170/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

82.0
COLI Index
1.22x
vs City Avg
$2,196
Est. 1BR Rent
#3
of 30 Areas
31.5%
Total Deductions

Tax & Deductions in Nob Hill / NW 23rd

Estimated annual deductions on a $61,500 salary in Nob Hill / NW 23rd, Portland (local employee).

Income Tax
14%
Social Security + Medicare (FICA)
7.6%
State Income Tax (OR)
9.9%
Total Deductions: 31.5%
Est. Take-Home: $42,124/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Nob Hill / NW 23rd would need to be elsewhere:

City Currency Equivalent
New York USD $61,500
London GBP £52,926
Dubai AED AED 307,733

Other Neighborhoods in Portland

Neighborhood COLI Multiplier vs Avg
Pearl District 87.4 1.30x +30%
Lake Oswego 86.0 1.28x +28%
South Waterfront 79.3 1.18x +18%
Downtown Portland 77.3 1.15x +15%
West Linn 77.3 1.15x +15%

View all 30 neighborhoods in Portland →

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Compare Nob Hill / NW 23rd

Nob Hill / NW 23rd vs Pearl District Nob Hill / NW 23rd vs Lake Oswego

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Nob Hill / NW 23rd:

Lusail, Doha Manly, Sydney Balmain, Sydney CBD, Melbourne Yaletown, Vancouver Oak Hill, Nashville

Frequently Asked Questions

Is Nob Hill / NW 23rd expensive in Portland?

Yes, Nob Hill / NW 23rd is one of the more expensive neighborhoods in Portland. It costs about +22% more than the city average, ranking #3 out of 30 neighborhoods.

How does Nob Hill / NW 23rd compare to the Portland average?

The cost of living in Nob Hill / NW 23rd is significantly above the Portland average. With a multiplier of 1.22x, everyday expenses including rent, food, and transportation are +22% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.