Housing costs in Portsmouth?
A typical home costs
$192,000, which is 43.2% less expensive than the national average of
$338,100 and 1.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Portsmouth costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$930.
Can I afford Portsmouth?
To live comfortably in Portsmouth, Iowa, a minimum annual income of
$36,720 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Portsmouth?
Portsmouth, IA is a small town that offers a low cost of living. The median home value in the area is $98,300 compared to a state average of $122,800, representing an 18% savings for Portsmouth. In addition, utilities are on average 8% cheaper than the state's average and overall groceries are 10.5% cheaper than the national average. Residents also benefit from no sales tax. This combination of affordability makes Portsmouth a great place to live for those looking for an affordable cost of living without sacrificing quality of life or access to amenities.