Housing costs in Portland?
A typical home costs
$229,400, which is 32.2% less expensive than the national average of
$338,100 and 4.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Portland costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,100.
Can I afford Portland?
To live comfortably in Portland, Michigan, a minimum annual income of
$43,920 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Portland?
Portland, MI has a relatively low cost of living compared to the national average. The median home price is $90,900, which is more than three times lower than the state average. The median household income is approximately $36,400 per year, and the overall cost of living in Portland is just about 11% lower than the national average. Additionally, utilities in Portland are very affordable as well; the average electricity bill runs around $80 a month and gas prices have been consistently low in recent years. With so many competitive prices and low taxes, Portland is an attractive place for those looking to save money on everyday costs.