Housing costs in Portsmouth?
A typical home costs
$536,100, which is 58.6% more expensive than the national average of
$338,100 and 33.6% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Portsmouth costs
$2,370 per month, which is 65.7% more than the national average of
$1,430 and 39.7% more than the state average of
$1,430.
Can I afford Portsmouth?
To live comfortably in Portsmouth, Rhode Island, a minimum annual income of
$102,600 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Portsmouth?
Portsmouth, RI is an affordable place to live. The cost of living in Portsmouth is 2% lower than the state average and 11% lower than the national average. Housing costs in Portsmouth are quite reasonable, with the median home value at $280,000 and a median rent of $1,400 per month. Utilities such as electricity and water tend to be slightly higher than the US average but still within a comfortable range for most households. Food costs are also reasonably priced, with groceries being slightly cheaper than the national average. Overall, living in Portsmouth is relatively inexpensive compared to many other areas of Rhode Island and is well worth considering as a place to call home.