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Did you know that the cost of living in Portland is 29 percent higher than the national average? It's not surprising that young professionals and families find it challenging to afford living in the area. While day-to-day budgeting can always help to control costs, supplemental sources of income can also help to balance out the costing of living. Here are the most effective side hustles available in Portland, and how to get started.

Venture Online to Find Surveys and Reports

Conversations about making money online are growing more common. If you could create supplemental income by hopping on your computer for an hour a day, wouldn't you consider it?

Consider accessible methods of online income, such as surveys and reports. There are dozens of companies that will pay you to provide opinions, review sites, use their browsers, play their games, and more. Some will even pay directly to your PayPal account, making payment as simple and straightforward as they should be. And even if your payment comes in the form of gift cards, there are plenty of online retailers that cover the basics.

Finding Time for Side Gigs that Create Income

Would you like to turn your hobby or passion into a "side hustle" to earn more cash? Here are several Portland-friendly options to consider:

  • Etsy: If you make crafts or clothes, Etsy is a great place to set up an online shop.
  • TaskRabbit: A tasker for TaskRabbit can make some quick cash doing odd jobs around their neighborhood. This is a great choice for those who have home improvement experience.
  • Photography: Sites like SmugMug allow you to post your photos and license them out to make money.
  • Pet Sitting: Two popular apps in Portland, Hotdiggity Petsitting and Rover, offer on-demand services for walking, house-sitting, and more.
  • Tutoring: Tutoring only requires several hours of work a week, and it can be a very reliable source of secondary income. There are many different tutoring options, depending on your skills, but Course Hero is a good place to start online.
  • Craigslist Jobs: Not sure where to start? Head over to Craigslist to look at ongoing gigs for Portland and keep an eye out for opportunities that seem like they'll be a good fit.

Subleasing

The sharing economy has made subleasing easier than ever thanks to apps like Airbnb. While it can require a fair amount of work and maintenance, renting out an extra room, or even your entire place while you're away, can go a long way in making those monthly bills easier to handle. Check the Airbnb rates and rules in your area to learn more.

Look for Ways to Make Money with Transportation

Many people think of ridesharing apps like Uber and Lyft when they think about transportation income. However, ridesharing might be a difficult way to make money depending on your schedule — and it doesn't work if you're trying to save on expenses by not using a car.

Fortunately, even those on bicycles or scooters can make extra income with delivery apps. Services like Postmates, UberEats, and Doordash let you earn cash for quick deliveries in your area.

Find an Investment App

Do you have a savings account with low interest? Maybe it's time to let some of that money do more work, and reap a better return. "Robo investors" and automated investments make it easier than ever.

By implementing an additional source of income — whether that be delivering food via Doordash or selling your handmade jewelry on Etsy — your cost of living will change for the better.

This information and recommendations contained herein is compiled from sources deemed reliable, but is not represented to be accurate or complete. In providing this information, neither KeyBank nor its affiliates are acting as your agent or is offering any tax, accounting, or legal advice.

By selecting any external link on www.Key.com, you will leave the KeyBank website and jump to an unaffiliated third party website that may offer a different privacy policy and level of security. The third party is responsible for website content and system availability. KeyBank does not offer, endorse, recommend, or guarantee any product or service available on that entity's website.

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