Housing costs in Portsmouth?
A typical home costs
$229,900, which is 32.0% less expensive than the national average of
$338,100 and 33.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$1,400.
Can I afford Portsmouth?
To live comfortably in Portsmouth, Virginia, a minimum annual income of
$43,920 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Portsmouth?
Portsmouth offers up an interesting choice for those seeking a more economical living solution based somewhere near Virginia’s Norfolk County offering up medians hovering around the low $200s and rental rates shortly arrive close by upwards of 1 thousand dollars depending upon desired amenities - noticeably cheaper compared to other nearby cities like Virginia Beach or Chesapeake which are placed deeper down south. Groceries additionally remain mostly on par with United States averages thanks largely to local taxes & regulations while sales tax equates out unaltered at 5%.