Story perspectives

Portland's Economy Declines: Jobs and Residents Flee

2/21/2025

50 6

Summary

Story summary

The Portland Metro Chamber's 2025 State of the Economy report indicates a declining local economy, with Multnomah County losing 4,820 residents and 9,600 jobs in 2023.
Portland's real estate attractiveness has plummeted to 80th out of 81 cities, down from third in 2017.
High-income residents are relocating to neighboring counties, worsening economic issues.
Increased downtown foot traffic offers some hope, but economists caution against a potential "urban doom loop."

1 of 1

Story summary

The Portland Metro Chamber's 2025 State of the Economy report indicates a declining local economy, with Multnomah County losing 4,820 residents and 9,600 jobs in 2023.
Portland's real estate attractiveness has plummeted to 80th out of 81 cities, down from third in 2017.
High-income residents are relocating to neighboring counties, worsening economic issues.
Increased downtown foot traffic offers some hope, but economists caution against a potential "urban doom loop."