Housing costs in Portsmouth?
A typical home costs
$198,600, which is 41.3% less expensive than the national average of
$338,100 and 42.1% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,090 per month, which is 22.1% cheaper than the national average of
$1,400 and 21.1% cheaper than the state average of
$1,320.
Can I afford Portsmouth?
To live comfortably in Portsmouth (zip 23702), Virginia, a minimum annual income of
$38,160 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Portsmouth?
The cost of living in 23702 Portsmouth, VA is quite high compared to the national average. The average home value in the area is over $200,000, which is much higher than the national median of around $180,000. The median household income is also higher than the national average at about $58,000. Groceries and healthcare costs are both relatively high compared to other cities around the nation. Additionally, while transportation costs are moderate due to close access to major highways and airports; utility bills can be quite costly due to the hot and humid climate throughout most of the year.