Housing costs in Portsmouth?
A typical home costs
$225,300, which is 33.4% less expensive than the national average of
$338,100 and 34.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,270 per month, which is 9.3% cheaper than the national average of
$1,400 and 3.9% cheaper than the state average of
$1,320.
Can I afford Portsmouth?
To live comfortably in Portsmouth (zip 23701), Virginia, a minimum annual income of
$43,200 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Portsmouth?
The cost of living in 23701 Portsmouth, VA is much higher than the national average. The median home value in the area is $184,500, which is more than double the national median home value of $176,700. The median household income is $55,754, and the median rent price is $1,087 per month. Grocery prices are also higher than the national average at an index of 105.2. In addition to these costly factors, 23701 Portsmouth also has a sales tax rate of 5%. All in all, living in this Virginia city can be quite expensive compared to other parts of America.