Housing costs in Portland?
A typical home costs
$722,700, which is 113.8% more expensive than the national average of
$338,100 and 116.4% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland costs
$1,810 per month, which is 44.8% more than the national average of
$1,250 and 11.0% more than the state average of
$1,610.
Can I afford Portland?
To live comfortably in Portland (zip 04109), Maine, a minimum annual income of
$138,600 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 04109 Portland, ME is generally considered to be slightly higher than the national average. The median home price in this area is around $220,000, and rental prices are also on the higher side since it is a desirable area. However, groceries and other items can be fairly affordable compared to other nearby cities. Overall, Portland is considered to be a great place to live as it offers access to some of Maine’s best restaurants, attractions, and activities without breaking the bank too much.