Housing costs in Portland?
A typical home costs
$504,000, which is 49.1% more expensive than the national average of
$338,100 and 50.9% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,930 per month, which is 54.4% more than the national average of
$1,250 and 16.6% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04019), Maine, a minimum annual income of
$96,480 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04019 Portland, ME is relatively high compared to the national average. The median home value in this area is around $355,000, with an estimated monthly mortgage payment of around $1,890. In addition to housing costs, other expenses such as groceries and utilities tend to be more expensive here than other parts of the country. Although there are some discounts available for seniors and those who qualify for public assistance programs, overall the cost of living in 04019 Portland, ME can be quite high.