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Portland rated as top over-priced cities

portlandBy Oregon Small Business Association Foundation,

Forbes says Portland is overpriced

Portland placed #12 on Forbes’ list of America’s Most Overpriced Cities. Los Angeles was #1, followed by Chicago, Miami, and New York. To come up with the list, Forbes compared the housing prices, living expenses, unemployment rates, and average salaries for workers with a bachelor’s degree or higher in the country’s 50 largest metropolitan areas.

Out of the 50 areas studied, with #1 being the most expensive, the Portland-Vancouver-Beaverton area ranked #19 for cost of living; #39 for housing opportunity; #28 for unemployment rate; and #30 for average salary.

If you’re looking to move, Forbes says Seattle is one of the 10 best cities to live in the US.

Also seen here.