Portsmouth, NH is a quaint seaport town located in the heart of New England. It's a great place for people looking to rent out an apartment as the average 2 bedroom rent stands at $1,830 which is higher than the US average of $1,430. The cost of living in Portsmouth is slightly higher than that of the United States, with groceries costing 109 index points versus 100 in the US. There are plenty of local companies in Portsmouth such as Great Bay Marine Services, Portsmouth Brewing Company and Atlantic Grill that make it an incredibly attractive city for businesses and tourists alike. Portsmouth truly offers an unparalleled quality of life compared to many other places across America.
Portsmouth has an unemployment rate of 2.8%. The US average is 6.0%.
Portsmouth has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.
Tax Rates for Portsmouth
- The Sales Tax Rate for Portsmouth is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portsmouth
- The average income of a Portsmouth resident is $42,724 a year. The US average is $28,555 a year.
- The Median household income of a Portsmouth resident is $91,915 a year. The US average is $69,021 a year.