Housing costs in Portland?
A typical home costs
$577,300, which is 70.7% more expensive than the national average of
$338,100 and 72.8% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,690 per month, which is 35.2% more than the national average of
$1,250 and 4.7% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04108), Maine, a minimum annual income of
$110,520 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04108 Portland, ME is slightly higher than the national average, but still relatively low. According to recent data from Sperling's Best Places, the median home price in 04108 is $256,000 which is above the national median of $184,700. Groceries are about 6% higher than the national average while utilities are 11% lower. The overall cost of living index for 04108 is 102.8 compared to the US average of 100. This means that Portland is slightly more expensive than most other cities in America, but it still offers a great value for those looking for a place to settle down and enjoy all that Maine has to offer.