Housing costs in South Portland?
A typical home costs
$434,500, which is 28.5% more expensive than the national average of
$338,100 and 30.1% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in South Portland costs
$2,030 per month, which is 42.0% more than the national average of
$1,430 and 38.4% more than the state average of
$1,250.
Can I afford South Portland?
To live comfortably in South Portland, Maine, a minimum annual income of
$83,160 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about South Portland?
The cost of living in South Portland, ME is relatively high compared to many other areas in the United States. The median house price in this city is about $260,00 and the median household income is around $60,000. Sales tax rates are at 5.5%, while income tax rates vary depending on filing status and income level. Overall, South Portland is an expensive place to live, but residents enjoy a high quality of life with access to great schools, plenty of outdoor activities, and a vibrant downtown area.