Housing costs in Portland?
A typical home costs
$439,700, which is 30.1% more expensive than the national average of
$338,100 and 31.6% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,880 per month, which is 50.4% more than the national average of
$1,250 and 14.4% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04103), Maine, a minimum annual income of
$84,240 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04103 Portland, ME is relatively high compared to other cities in the US. According to BestPlaces's cost of living index, Portland is close to the national average but slightly higher, with housing costs being one of the primary factors influencing overall expenses. Rent prices for a one-bedroom apartment can range from around $600 to $1000 per month. Additionally, groceries and transportation costs are also on the rise, as is the price of utilities. With all these factors taken into account, it's important for future residents to factor in their budget when considering moving to 04103 Portland, ME.