Portsmouth, OH is a great place to call home. With an average 2 bedroom rent of $730, it is much lower than the US average of $1,430. The Grocery Cost Index in Portsmouth is also much lower at 95 versus the 100 US average. Portsmouth is a small town filled with local businesses that provide residents with many options for shopping and dining. Popular local companies include KFC, Walmart, and Goody’s Department Store. Local restaurants are plentiful too, with favorites like The Olde Dutch Restaurant and Hillbilly Hotdogz & BBQ offering delicious dishes to enjoy. Portsmouth also has many attractions such as the Scioto Trail State Park and Shawnee State University which make it a great destination for visitors and locals alike.
Portsmouth has an unemployment rate of 5.5%. The US average is 6.0%.
Portsmouth has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Portsmouth
- The Sales Tax Rate for Portsmouth is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth is 5.2%. 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 $17,610 a year. The US average is $28,555 a year.
- The Median household income of a Portsmouth resident is $34,183 a year. The US average is $69,021 a year.