Housing costs in Portland?
A typical home costs
$438,500, which is 29.7% more expensive than the national average of
$338,100 and 31.3% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,860 per month, which is 48.8% more than the national average of
$1,250 and 13.4% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04102), Maine, a minimum annual income of
$83,880 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04102 Portland, ME is relatively high compared to other parts of the country. The median home value in the area is $260,400 and the median rent is around $1,230 per month; both significantly higher than the national averages. Despite these higher prices, people continue to flock to Portland for its close proximity to beaches and mountains, as well as the abundance of restaurants and nightlife opportunities. Additionally, there are a variety of options for transportation including bus routes, bike paths, and ferries that make it easy and convenient to get around town. All in all, while there is a premium on living in 04102 Portland, ME that must be taken into account when budgeting one's finances, it offers a quality of life that many find appealing.