Housing costs in Portland?
A typical home costs
$567,400, which is 67.8% more expensive than the national average of
$338,100 and 69.9% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,910 per month, which is 52.8% more than the national average of
$1,250 and 15.7% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04101), Maine, a minimum annual income of
$108,720 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04101 Portland, ME is surprisingly affordable. According to BestPlaces, rental prices are quite reasonable for a metropolitan area, with the average price for a one-bedroom apartment at about $1,000 per month. Groceries are also inexpensive - with an overall grocery index estimated at around 83.60 - making it possible to buy all your food for less than the national average. Utilities are also relatively low in comparison to the rest of the US, and gas prices hover around $2.50/gallon on average. All these factors make 04101 Portland, ME a great place to live without having to break the bank!