Multnomah County, Oregon, Hit Hard by $1 Billion Loss
Multnomah County in Oregon suffers a devastating loss of over $1 billion in income as residents flee due to safety concerns and a homelessness crisis.
Record Exodus of Residents and Income Loss
In 2020, 14,257 tax filers and their dependents left Multnomah County, taking with them a record $1 billion in income, primarily affecting higher earners.
Portland’s Reversal of Fortune
After 15 years of growth, Portland’s situation drastically changed as crime rates surged, breaking homicide records in 2021 and 2022.
Alarming Increase in Homelessness
Portland experienced a concerning 50% increase in homelessness from 2019 to 2022, according to Mayor Ted Wheeler’s office, exacerbating the city’s troubles.
Dire State for Local Business Owners
Facing unpunished criminal behavior, local business owners in Portland express their concerns as their businesses are put at risk.
Continuing Exodus After the Pandemic
Even after the pandemic, Portland continued to lose residents, with an additional 8,308 people leaving the city from July 2021 to July 2022.
Portland Among Cities Losing the Most Residents
Portland ranked sixth on the list of cities losing the most residents in the past year, reflecting the ongoing trend of people leaving.
Sense of Loss and Decline Among Longtime Residents
Longtime residents of Portland express a deep sense of loss and decline, describing the situation as if “Portland died.”
Critical Situation for the City
The consequences of crime and homelessness challenges continue to impact Portland, leaving many residents seeking safety and stability elsewhere.
Safety Concerns Driving Residents Away
Rising safety concerns have played a significant role in residents leaving Multnomah County, as they seek safer environments away from the city.
Higher Earning Individuals Leaving
The exodus primarily affected higher earners, who were able to take advantage of remote work capabilities to seek safer alternatives.
Long Road to Recovery for Portland
With a staggering loss of income and residents, Portland faces a challenging path to recovery as it grapples with its crime and homelessness crisis.
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